Australia's Tabcorp buys 10% stake in takeover target Tatts

Australia's Tabcorp buys 10% stake in takeover target Tatts

The logo for Australian gambling company Tabcorp Holdings Ltd (TAB) is displayed outside a TAB branch in central Sydney, Australia, October 18, 2016. REUTERS/David Gray

Australia’s Tabcorp Holdings on Friday said it had purchased control of around 10 percent of its takeover target Tatts Group for A$638 million.

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