London-listed operator GVC Holdings has revealed that its acquisition of Ladbrokes Coral could see the enlarged group's headcount reduced by 6 per cent.

In its Scheme Document for the recommended offer for Ladbrokes Coral published Friday, GVC said that the acquisition would result in employees benefitting from the greater opportunities created for the enlarged group.

It recognised, however, that in order to achieve the planned benefits of the acquisition, including deriving any available cost synergies, operational restructuring of both GVC and Ladbrokes Coral was likely to be required.

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