14th May 2013 07:00
NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION IN WHOLE OR IN PART IN, INTO OR FROM ANY JURISDICTION WHERE TO DO SO WOULD CONSTITUTE A VIOLATION OF THE RELEVANT LAWS OR REGULATIONS OF THAT JURISDICTION
FOR IMMEDIATE RELEASE
14 May 2013
On 15 April 2013, CVC Capital Partners Limited announced it was in preliminary discussions with Richard Koch, Antony Ball and partners (together the "Consortium") regarding options in respect of Betfair Group plc ("Betfair"). The Consortium confirms it has been unable to agree financial terms with the board of Betfair and as a result has no intention of making an offer for Betfair. Accordingly, the Consortium is bound by the restrictions under Rule 2.8 of the City Code on Takeovers and Mergers.
Related Shares:
BET.L