Is GVC clearing the decks for Ladbrokes bid?
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)