Summary
GALA Coral lenders wrote off pounds 558m in debt yesterday after a year-long restructuring described as one of the most complex ever seen in the UK.
The group, which has 145 bingo clubs and 1,600 betting offices, said it was now positioned for growth after an agreement that will see the company's private equity owners - Candover, Cinven and Permira - exit the business.See the full content of this document
Extract
Gala Coral Lenders Agree to Write Off Pounds 558m of Debt
The new owners will be led by Apollo, Cerber...
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