Wednesday, February 20, 2019
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Tag: gvc

High stakes: GVC to buy Ladbrokes Coral for a potential £4bn

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GVC is set to buy Ladbrokes Coral in a game-changing deal for the UK betting industry.   Should the acquisition go ahead, shareholders in GVC - which owns the Bwin, Sportingbet and Foxy Bingo brands - will hold 53.5 percent of the combined group. Ladbrokes Coral chair John Kelly said: “Ladbrokes Coral board believes that the proposed combination with GVC accelerates our...

GVC in talks to buy Ladbrokes Coral

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In an move that could turn Ladbrokes Coral into a company worth nearly £4bn, the UK betting giant is in “detailed” talks for a takeover by online competitor GVC.   Under the proposals, GVC - which owns the Bwin and Sportingbet brands - would hold 53.5 percent of the combined group. The move could lead the biggest shake up of the UK...