Slaughter and May is advising Ladbrokes - proposed merger with certain key businesses of the Gala Coral group
Slaughter and May is advising Ladbrokes plc (Ladbrokes) on (i) its proposed merger with certain businesses of Gala Coral Group Limited (Gala Coral), including Coral Retail, Eurobet Retail and Gala Coral’s Online businesses (Coral Group), and (ii) the placing of approximately 9.99% of its current issued share capital in connection with the merger. Following completion of the merger, Ladbrokes will be renamed Ladbrokes Coral plc ('Ladbrokes Coral') and will continue to operate both the Ladbrokes and Coral brands in the UK.