4th Jun 2015 05:32
LONDON (Alliance News) - Ladbrokes PLC may be forced to provide a rival bookmaker in Ireland more information to allow the company to launch a bid for its Irish arm, The Daily Telegraph reports.
Boylesports, the largest independent bookmaker in Ireland, has said it is interested in acquiring Ladbrokes' Irish business, but claims the assets were placed under court protection to prevent them being sold.
The 'examinership' process gave Ladbrokes' business in Ireland protection from creditors while the FTSE 250-listed company formulated a rescue plan to turnaround the unit.
http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/11649864/Ladbrokes-rival-eyes-Irish-arm-after-court-delays-restructuring.html
By Sam Unsted; [email protected]; @SamUAtAlliance
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