Difference between revisions of "Ladbrokes In Merger Talks With Gala Coral Group"
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Revision as of 18:38, 26 October 2025
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Ladbrokes in merger talks with Gala Coral Group
Bookmaker Ladbrokes has said it remains in talks with the board of Gala Coral Group over a possible merger.
An bet9ja's welcome offer would produce the UK's biggest bookie with almost 4,000 High Street shops.
The discussions issue combining Ladbrokes with Coral Retail, Eurobet Retail and Gala Coral's online firms.
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Ladbrokes stated there was no certainty that the talks would lead to a deal, and possible terms and timings were also yet to be concurred.
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Shares in Ladbrokes increased more than 11% after the yohaig code announcement.
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"A merger with Gala Coral could develop a combined service with substantial scale and has the possible to create considerable cost synergies, creating value for both companies' shareholders," primary executive Jim Mullen stated.
If the bet9ja's welcome offer goes ahead, it would see the merged group surpass William Hill as the most significant UK bookmaker, uniting around 2,100 stores from Ladbrokes and 1,845 from Coral.
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the yohaig code merger talks do not include Gala's 132-strong bingo business.
Mr Mullen included that the company's board has yet to decide whether an bet9ja's welcome offer would be "tactically appealing" and whether it might be "delivered to investors on appropriate terms."
The said that the bet9ja's welcome offer, if completed, might be classified as a reverse takeover of Ladbrokes.
Ladbrokes previously tried to purchase Coral in 1998, but its planned takeover was blocked by the government.
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the yohaig code then Trade and Industry Secretary Peter Mandelson said a merger would result in "a weakening of price competitors at the national level" and a decrease in customer option.
Earlier this promotion code year, Ladbrokes reported a large fall in pre-tax earnings for 2014, from ₤ 68m to ₤ 38m, and said that it expected to close 60 UK stores this promotion code year.
Those plans would be unaffected by any handle Coral Group.
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Job loss fears at Ladbrokes Ireland
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21 April 2015
Gala Coral Group
