Lottery firm Camelot for sale - bankers

Fri Nov 6, 2009 4:50pm GMT
 
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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)

 
A dealer works on the trading floor shortly after the U.S. markets opened, at CMC Markets in London October 3, 2008. REUTERS/Toby Melville
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