Ladbrokes and Coral must sell 350-400 shops before merger

Ladbrokes and Coral must sell 350-400 betting shops

The Competition And Markets Authority (CMA) has confirmed that Coral and Ladbrokes must sell around 350 to 400 of their betting shops to gain clearance for their proposed merger.

The CMA's report, which was released on Tuesday morning, identified 642 local areas where it may be expected that a merger would result in a substantial lessening of competition, which could lead to a worsening of the offer made to customers.

'Would reduce competition'

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Tony McFadden

Published on 26 July 2016inBusiness

Last updated 18:10, 26 July 2016

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