GVC waives Turkey sell-off payments

Operator waives €150m sale of Turkish business as Lads Coral takeover should bring in £100m annual synergies

GVC has waived the payment from the sale of its Turkish business to ensure the smooth completion of its £4bn takeover of Ladbrokes Coral. GVC had agreed to sell the business for €150m in November, with the Turkey-facing operations considered a major sticking point in any potential deal for LCL. The deal called for the…

Finance | GVC Holdings | Ladbrokes Coral | Turkey