Apollo, Cerberus sell Ladbrokes Coral shares, but should they have waited?

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Apollo, Cerberus sell Ladbrokes Coral shares, but should they have waited?

PA-Ladbrokes
The outside of the Ladbrokes betting shop in Charing Cross Road, central London. | John Stillwell/PA Archive/PA Images

Two Apollo Credit funds and a division of Cerberus Capital Management sold £61m of shares in UK bookmaker Ladbrokes Coral via an accelerated bookbuild run by Morgan Stanley on Wednesday night.

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