Freshfields Bruckhaus Deringer, Norton Rose and Ashurst have taken lead roles on UK-based bookmaker Betfred's winning bid for state-owned betting company Tote Sport in a deal worth £265m. Freshfields advised the winning bidder Betfred, the UK's fourth largest bookmaker by outlets. The betting group will make an initial payment for Tote of £150m, with £115m in deferred payments. London corporate partner Barry O'Brien led the team on the bid.
June 03, 2011 at 07:10 AM
1 minute read
The original version of this story was published on Legalweek
Freshfields Bruckhaus Deringer, Norton Rose and Ashurst have taken lead roles on UK-based bookmaker Betfred’s winning bid for state-owned betting company Tote Sport in a deal worth £265m.
Freshfields advised the winning bidder Betfred, the UK’s fourth largest bookmaker by outlets. The betting group will make an initial payment for Tote of £150m, with £115m in deferred payments. London corporate partner Barry O’Brien led the team on the bid.
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