12th Dec 2005 07:01
William Hill PLC12 December 2005 9 December 2005 For immediate release William Hill PLC ("William Hill") Sale of 48 licensed betting offices to the Tote William Hill today announces that it has reached agreement to sell 48 licensedbetting offices ("LBOs") to Tote Bookmakers Limited for a consideration of £20million payable in cash. Completion of the disposal, and payment of theconsideration, is expected to take place in two tranches within the next 2weeks. The disposal is being made following the OFT's decision not to refer the Group'sacquisition of Stanley's Retail Bookmaking operations to the CompetitionCommission subject to suitable undertakings being agreed with William Hill tosell approximately 50 LBOs (in addition to the 28 previously sold). Enquiries Tom Singer Chief Operating Officer 020 8918 3910 Deborah Spencer Brunswick 07974 982 329 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
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