Is GVC clear­ing the decks for Lad­brokes bid?

Shares - - BIG NEWS -

GAM­ING FIRM GVC (GVC) is sell­ing its Turk­ish op­er­a­tions as part of an exit from un­reg­u­lated mar­kets. There is spec­u­la­tion that this move, an­nounced on 2 Novem­ber, is aimed at paving the way for the com­pany to launch a for­mal bid for Lad­brokes Co­ral (LCL).

Re­ports sug­gest pre­vi­ous bid talks stalled over GVC’s in­volve­ment in so-called ‘grey’ un­reg­u­lated mar­kets. Lad­brokes’ shares are up 8% since GVC an­nounced the dis­posal. (TS)

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