Ladbrokes and Gala Coral finally completed their £2.3 billion merger, creating the Ladbrokes Coral Group plc, and effectively becoming the largest retail bookmaker in the United Kingdom.
Ladbrokes and Gala Coral agreed to sell 359 betting shops after receiving orders from the UK Competition and Markets Authority (CMA). The CMA gave the green light to the merger, which has taken 18 months to complete.
“This is a historic day for the company and one which marks the start of an exciting journey for the business," Ladbrokes Coral Chief Executive Jim Mullen said.