Britain's competition regulator clear Ladbrokes-Coral deal

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The Competition & Markets Authority cleared the deal after approving the sale of 360 shops by the two companies to their rivals, Ladbrokes said in a statement on Wednesday.

The regulator had, in July, asked the two parties to sell around 350 to 400 shop to obtain clearance. The sale was finalised earlier this month for 55.5 million pounds.

Ladbrokes, which sealed its all-share deal with Gala Coral in July last year, said it expected the acquisition to close "in the very near future".

(Reporting by Rahul B in Bengaluru; Editing by Savio D'Souza)