Ladbrokes – Coral seeks UK CMA regulatory fast track

CarlHaving gained a 90% Ladbrokes shareholder approval, the UK Competition & Markets Authority (UK CMA) has opened its invitation for comment on the proposed £2.3 billion merger of Ladbrokes-Coral.

The UK CMA has requested for assistance regarding its review of the planned merger, seeking to research whether a joint enterprise may result in a substantial impacting of commercial competition within the UK gambling/betting sector

The competition authority has detailed that Ladbrokes and Coral governances’ have requested for the review to be fast tracked in accordance with UK CMA guidance and practices.

Invitation for comment and concerns regarding the Ladbrokes-Coral merger will be made available until 24 January.

At present the statutory decision deadline has been set for 15 February, the UK CMA will inform the public if the deadline changes, should the planned merger receive its fast track request.

 

Check Also

Novomatic sells Casinos Austria stake to Czech SAZKA

Novomatic AG has agreed to sell its 17% stake in Casinos Austria to Czech gambling …

Racing Industry Bill “a significant milestone” for industry reform, says NZ’s RITA

New Zealand’s Racing Industry Transition Agency (RITA) has confirmed that the Racing Industry Bill, a …

FDJ joins Paris 2024 Organising Committee

French national lottery operator Francaise des Jeux (FDJ) has confirmed a major corporate initiative after …