December 24, 2014
Gala Coral has sold 47 of its UK bingo properties to Investment and equity management firm M&G Investments in a deal valued at £173 million. The deal will see M&G takeover 40% of Gala Corals 127 UK bingo sites, with 36 of the clubs being freehold properties. The acquired property portfolio from Gala Coral will further see M&G gain 12 …
Read More »September 1, 2014
Gala Coral Group has hired bankers Lazard as strategic adviser for the sale of its 130 retail bingo clubs. UK business sources have indicated that Lazard are seeking to sell Gala Coral’s retail bingo division for an estimated £250 million. A Gala Coral statement confirmed that the operator had “commenced a process to explore the possibility of a disposal of …
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