AUGUST 2, 2002
Morgan Grenfell sells Eurobet
Morgan Grenfell Private Equity has been making up for its losses in Formula 1 activities by selling the Coral Eurobet company.
Coral runs 870 betting shops in Britain and has enjoyed much success in recent years with its online Eurobet gambling services.
The company was brought in to sponsor the MGPE-owned Arrows team but the sponsorship ended in a lawsuit with the team.