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  5. Sale of Blue Square Bet business

Pin to quick picksRank Regulatory News (RNK)

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Share Price Information for Rank (RNK)

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Share Price: 79.20
Bid: 78.60
Ask: 79.80
Change: -0.20 (-0.25%)
Spread: 1.20 (1.527%)
Open: 79.00
High: 79.20
Low: 78.00
Prev. Close: 79.40
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Sale of Blue Square Bet business

2 Apr 2013 15:00

RNS Number : 3711B
Rank Group PLC
02 April 2013
 

2 April 2013

 

 

The Rank Group Plc

Sale of Blue Square Bet business

 

 

On 10 January 2013 The Rank Group Plc ("Rank") announced that it was undertaking a review of its loss-making Blue Square Bet business. Following completion of that review, the Rank board concluded that Blue Square Bet should be sold.

 

Rank is pleased to announce that it has today completed the sale of the assets of its Blue Square Bet business to Betfair Group plc for £5 million.

 

Rank intends to focus its resources on further developing the Grosvenor Casinos and Mecca brands in venues and via digital channels.

 

 

~ ends ~

www.rank.com

 

Enquiries:

 

Rank 01628 504 303Ian Burke - chairman and chief executive officer

Clive Jennings - group finance director

Sarah Powell - investor relations

 

FTI Consulting 020 7831 3113

Edward Bridges / Alex Beagley

This information is provided by RNS
The company news service from the London Stock Exchange
 
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