reuters, 2009/11/06 16:50
LONDON (Reuters) – National lottery operator Camelot’s five shareholders have asked bidders to submit offers in around two weeks in a sale that could fetch more than 500 million pounds, two bankers said on Friday.
Camelot has been reviewing its options since earlier this year when some of its shareholders — Cadbury Schweppes, Royal Mail Enterprises, De La Rue, Fujitsu Services and Thales Electronics — indicated interest in selling.
“The whole company is up for sale,” a banker close to the deal said.
Camelot declined to comment.
(Reporting by Tessa Walsh and Zaida Espana, editing by Will Waterman)
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