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Rank agrees revised deal to acquire Gala Casinos

7th March 2013 10:56 am GMT

Rank Group has entered into a revised conditional agreement to acquire 19 casinos and three non-operating licences from Gala Coral for a total cash consideration of £179m.

The agreement follows a final report published last month by the UK’s Competition Commission, which said that the proposed acquisition would have a negative impact on competition in five areas of the UK, but that it would allow the transaction to proceed on the basis that the casinos in [...]

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