The UK’s Competition and Markets Authority (CMA) has provisionally found that the merger between Ladbrokes and Coral may give rise to competition concerns, suggesting that the bookmakers will have to sell around 350 to 400 shops to resolve these concerns.

The competition watchdog said that a group of independent panel members had investigated the merger, looking in detail at the large number of areas where Ladbrokes and Coral shops compete.

In its provisional findings, the group identified 659 local areas where it provisionally found that the merger may be expected to result in a substantial loss of competition...

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