The Competition and Markets Authority identified 642 local areas where it said the merger would hit competition. A merger between Ladbrokes and Gala Coral would make it the UK’s largest bookmaker.
Gala Coral has been owned by a group of private equity firms since 2010, when it collapsed under £2.5bn of debt. Currently, Coral runs 1,850 shops in Britain and Ladbrokes has about 2,150 outlets in Britain and 77 in Northern Ireland.
Ladbrokes agreed the terms of the all-share merger with Coral in July, and the company’s shareholders backed the deal in November.
Full Content: BBC
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