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Penta Capital to Underwrite Broughton’s Tote Bid, Times Reports

Feb. 13 (Bloomberg) -- Penta Capital Partners Ltd. will underwrite Martin Broughton’s bid for U.K. state-owned bookmaker the Tote, the Sunday Times reported, without saying where it got the information.

Broughton, deputy chairman of International Consolidated Airlines Group SA, is one of a number of bidders for the betting firm, the newspaper said. Other potential buyers include Betfred Ltd., Gala Coral Group Ltd., the Reuben brothers and Tote’s management, according to the newspaper.

To contact the reporter on this story: Michelle E. Frazer in London at mfrazer@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at ckeatinge@bloomberg.net

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