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Nov 17 (Reuters) - The Australian Competition Tribunal said it...

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    17/11/17
    11:45
    Post #: 28887674

    Nov 17 (Reuters) - The Australian Competition Tribunal said it would let Tabcorp Holdings Ltd (TAH) buy lotto giant Tatts Group Ltd (TTS) for A$6.15 billion ($4.67 billion), after an antitrust regulator raised concerns about the deal.

    The tribunal, which is affiliated with the Federal Court, said on Friday that Tabcorp, the country's biggest horse race betting house, must divest its Odyssey Gaming business in Queensland to complete the deal.

    The merger will likely result in public benefits, if it were to go through, it added. ($1 = 1.3179 Australian dollars)

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