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Rank agrees £205m acquisition of Gala Coral casinos

14th May 2012 8:29 am GMT

Rank Group has reached a conditional agreement to acquire 23 casinos and three non-operating licences in Britain from Gala Coral for a total consideration of £205m, making it the largest casino operator in Great Britain.

The conditional agreement announced Monday comes six weeks after Rank terminated earlier negotiations with Gala Coral on the basis that the proposed terms “would not serve the best interests of Rank shareholders”.Under the terms announced today, Gala [...]

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