Ladbrokes in Merger Talks with Gala Coral Group

注释 · 29 意见

Ladbrokes in merger talks with Gala Coral Group

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

Ladbrokes in merger talks with Gala Coral Group


Bookmaker Ladbrokes has stated it remains in talks with the board of Gala Coral Group over a possible merger.


A deal would create the yohaig code UK's greatest bookie with nearly 4,000 High Street shops.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

The discussions issue combining Ladbrokes with Coral Retail, Eurobet Retail and Gala Coral's online companies.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

Ladbrokes stated there was no certainty that the talks would lead to a deal, and possible terms and timings were likewise yet to be concurred.

Play Aviator virtual betting crash game on the Bet9ja platform

Shares in Ladbrokes rose more than 11% after the announcement.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

"A merger with Gala Coral could produce a combined organization with significant scale and has the potential to generate significant expense synergies, producing value for both business' investors," primary executive Jim Mullen stated.

Register at Bet9ja using the promotion code YOHAIG for a N100,000 welcome bonus

If the deal proceeds, it would see the yohaig code merged group overtake William Hill as the greatest UK bookie, bringing together around 2,100 stores from Ladbrokes and 1,845 from Coral.


The merger talks do not include Gala's 132-strong bingo company.


Mr Mullen added that the firm's board has yet to decide whether a deal would be "strategically attractive" and whether it might be "delivered to shareholders on appropriate terms."


The firm stated that the deal, if finished, could be classified as a reverse takeover of Ladbrokes.


Ladbrokes previously attempted to buy Coral in 1998, but its planned takeover was blocked by the government.


the yohaig code then Trade and Industry Secretary Peter Mandelson stated a merger would result in "a weakening of rate competitors at the nationwide level" and a decrease in consumer choice.


Earlier this year, Ladbrokes reported a big fall in pre-tax profit for 2014, from ₤ 68m to ₤ 38m, and said that it anticipated to close 60 UK shops this promotion code year.


Those strategies would be untouched by any handle Coral Group.


Job loss fears at Ladbrokes Ireland


21 April 2015


Gala Coral Group

注释