trending Market Intelligence /marketintelligence/en/news-insights/trending/tfrhzotynvnn-r6smd3sda2 content esgSubNav
In This List

UK competition watchdog clears GVC, Ladbrokes Coral £4B merger

Blog

Insight Weekly: PE firms shift strategies; bank earnings kick off; bankruptcies plummet

Blog

Bed, Bath, and Bankruptcy: Using Quantitative Credit Models to Predict Corporate Defaults

Blog

Insight Weekly: Stocks limp into 2023; GCC banks set for rebound; deep-sea mining faces pushback

Blog

Infographic: The Big Picture 2023 Issuer & Investor Relations Outlook


UK competition watchdog clears GVC, Ladbrokes Coral £4B merger

Britain's Competition and Markets Authority cleared online gambling company GVC Holdings PLC's £4 billion takeover of bookmaker Ladbrokes Coral Group PLC.

The U.K. antitrust regulator said the merger does not raise competition concerns. The commission said that after looking "closely" at betting services for individual sports and games, it found that there will be enough rivals to the merged entity to prevent price hikes or reduced quality of services.

"GVC and Ladbrokes are not close rivals and there are many other providers of betting and gaming services online," the regulator said.

GVC, which agreed to acquire Ladbrokes Coral in December 2017, will pay 32.7 pence in cash and 0.141 ordinary GVC share for each Ladbrokes share.