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Betfred to divest betting shops after competition concerns

19th December 2011 10:04 am GMT

The UK’s Office of Fair Trading (OFT) has confirmed that it is considering an offer from independent bookmaker Betfred to divest twenty-five betting shop to resolve competition concerns raised by the company’s acquisition of the Tote earlier this year.

Following the acquisition of the Tote earlier this year, Betfred owned 840 betting shops while the Tote owned 517. An OFT investigation confirmed that the acquisition did not give rise to competition concerns [...]

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