Bingo and casino operator Gala yesterday created the UK’s biggest private equity owned business by completing its £2.18bn takeover of Coral Eurobet, the bookmaker.
The combined group will have an enterprise value of £4.2bn and would become the largest betting and gaming group in the FTSE 100 if, as expected it were to go public.
References: Financial Times Money & Business 08/10/05 page 1, Daily Telegraph 08/10/05 page 33, The Independent 08/10/05 page 50
