Ladbrokes Will Have £ 1.35 Billion To Ensure A Merger With Gala Coral

Bookmaker ladbrokes received from banks £1.35 billion loan for funding to unite with gala coral, writes reuters.

According to the findirector ladbrokes yana bulla, a bank loan will help the ladbrokes-coral enterprise to be liquid and develop after the combination of gala coral and ladbrokes will be held.

Cash will flow in the form of trenches. All of them are planned three — £600 million, £400 million i £350 million. The last arrival of money is scheduled for 2020. Funds can be used only after the transaction about the merger of companies will complete.

Gala coral and ladbrokes confirmed the information about the merger in june 2015.