The Ladbrokes and Coral merger has been given the go-ahead
PICTURE: Charles Shearn
THE Competition and Markets Authority (CMA) has given its final approval to the £2.3 billion merger between Ladbrokes and Coral.
Ladbrokes said in a statement that they expected that completion of the merger would “take place in the very near future”.
It had been announced earlier this month that Betfred were to buy 322 of the 360 Coral and Ladbrokes betting shops the CMA had ordered to be sold in order for the deal to go through, with 37 being bought by Stan James.
One remaining shop needed to be sold and has now been bought by Bet21.
Ladbrokes chief executive Jim Mullen, said: “I am delighted that the CMA has given approval to our merger with Coral.
“Both businesses are approaching the merger with good momentum and we are now focusing on completing the merger and delivering on the opportunities it offers.”
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