The UK's Competition and Markets Authority (CMA) has said that the merged Ladbrokes Coral business will have to sell between 350 and 400 betting shops in order to avoid a reduction of competition in certain areas in the UK and Ireland.

The watchdog has confirmed the findings of its preliminary report, published in May, identifying 642 areas in which competition would be significantly harmed through the merger. This was slightly less than the 659 areas flagged in the preliminary investigation, although the number of shops that will have to be sold remains unchanged.

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