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CMA clears GVC to complete Ladbrokes Coral acquisition

21st March 2018 9:25 am GMT

GVC Holdings has moved a step closer to completing its acquisition of Ladbrokes Coral after the UK Competition and Markets Authority (CMA) approved the move.

The CMA said that the acquisition is unlikely to lead to a substantial lessening of competition in the UK online gaming market, meaning that a further in-depth investigation of the transaction is not necessary.

The CMA's phase-one investigation was launched in February to assess the effect of the companies' combination on the wider market. It [...]

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