Betfred Expected to Acquire Ladbrokes/Coral Betting Shops

Sat, Oct 1, 2016

According to a published report, Betfred appears to have won the bidding for 360 UK betting shops being sold as part of the Ladbrokes and Gala Coral merger. BoyleSports was another contender, but its ₤102 million bid has apparently fallen short. William Hill was also considered a contender for the shops.

The Irish Independent reports that Betfred has won the bidding for 360 betting shops being sold off in the UK as a result of the Ladbrokes and Gala Coral merger.

No information on the winning bid was available, but it has apparently topped a £102m bid by BoyleSports for the shops that was previously reported.

Betfred, however, has been considered by analysts to be the frontrunner in the bidding which also included William Hill as a possible contender.

The UK Competition and Markets Authority ordered the shops to be sold as part of the Ladbrokes and Gala Coral merger to protect competition in the industry.

 

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