Hilton eyes Ladbrokes listing
21/11/2005 - 07:40:49A flotation of betting business Ladbrokes may be on the cards if owner Hilton fails to sell its hotels division for £3.6bn (€5.25bn), a report said today.
With the chances of a deal with US partner Hilton Hotels Corporation seen as “50-50”, the Financial Times said some of the group’s directors favoured pressing ahead with a separation regardless.
A flotation would allow the bookmaker to expand internationally and offset strong competition in the UK market by entering the lucrative US sector.
