Date of referral: 11.1.16
Statutory deadline: 19.8.16 (with 8 week extension)
- (updated on 20.5.16)
CMA approves Ladbrokes/Coral merger
26 October 2016: The CMA has approved the sale by Ladbrokes and Coral of 360 licensed betting offices to Betfred, Stan James and Bet21 to resolve the competition concerns it had identified in its final report.
Remedy group appointed
11 October 2016: The CMA has appointed the following panel group members to the Ladbrokes Coral remedy group.
11 October 2016: The CMA has accepted undertakings from Ladbrokes plc and Gala Coral Group Limited to remedy the substantial lessening of competition identified in the final report.
Notice of proposal to accept final undertakings
- News story: CMA consults on Ladbrokes/Coral merger undertakings (12.9.16)
Directions to appoint monitoring trustee
29 July 2016: On 26 July, the CMA directed Ladbrokes plc and Gala Coral Group Limited, pursuant to the interim undertakings dated 18 July, to appoint a monitoring trustee.
- Press release: Ladbrokes/Coral must sell around 350 to 400 shops for clearance (26.7.16)
20 May 2016: The CMA has provisionally found that the merger between Ladbrokes and Coral may give rise to competition concerns in a large number of local areas.
Following the CMA’s provisional findings, it has decided to reopen the review of the undertakings given in 1999 by Hilton Group plc (now Ladbrokes plc).
- Press release: Ladbrokes/Coral merger clearance may depend on shop sales (20.5.16)
The publication of the evidence of any party on the CMA’s webpages does not indicate in any way endorsement by the CMA of the views expressed in the evidence or acceptance of that evidence. Publication in this way is designed to assist public understanding of the issues.
Response hearing summaries
Responses to provisional findings and notice of possible remedies
Responses to Ladbrokes/Coral initial submission
Responses to issues statement
The CMA’s merger inquiry is independent and welcomes submissions from all interested parties.
- (PDF, 1.3Mb) (17.2.16)
Customer research survey: CMA commissioned research
- (PDF, 1.4Mb) (18.3.16)
4 February 2016: The issues statement sets out the scope of the investigation. It outlines initial theories on what might be adversely affecting competition, but it does not set out findings or conclusions.
- Press release: CMA publishes issues statement in Ladbrokes/Coral merger (4.2.16)
Inquiry group appointed
11 January 2016: The CMA has appointed the inquiry group.
Disclosure of interest
John Harley was a Non-executive Board Member of 24/7 Gaming Group Holdings plc from July 2013 to January 2014. The CMA is satisfied that these matters will not prejudice the ability of the inquiry group to discharge its functions in an independent and impartial manner.
Terms of reference
11 January 2016: The CMA has referred the anticipated merger between Ladbrokes plc and certain businesses of Gala Coral Group Limited for an in-depth phase 2 investigation.
|25 January 2016||Decision published|
|11 January 2016||Decision announced|
|16 December 2015||Launch of merger inquiry|
|16 December 2015 to 4 January 2016||Invitation to comment|
- Press release: Ladbrokes/Coral merger fast-tracked to phase 2 investigation (11.1.16)
Launch of merger inquiry
16 December 2015: The CMA announced the launch of its merger inquiry by notice to the parties.
- Press release: Ladbrokes and Coral request fast track reference to phase 2 (16.12.15)