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GVC Holdings PLC and Ladbrokes Coral agreement

The Boards of GVC Holdings PLC and Ladbrokes Coral Group plc has announced to reached an agreement on the terms of a recommended offer by GVC to acquire the entire issued and to be issued ordinary share capital of Ladbrokes Coral.

Conclusion
The Enlarged Group will have the opportunity to maximize revenue and profit growth and will be one of the largest listed sportsbook operators in the world. It will have top three market positions in three of Europe’s largest online gaming markets -- UK, Germany, and Italy -- plus a significant business in Australia and exposure to the USA and other growth markets, giving it the size and resources to address the dynamics of the rapidly changing global gaming industry.

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