Camelot shares for sale
03/09/2008 01:38:09
Camelot, the name behind the National Lottery, have recently announced that two of their investors, Cadbury and Thales, wish to sell their 20% shareholdings in Camelot and this has attracted interest from abroad. According to the article in the Telegraph the interested parties in the Camelot shares for sale have not been named.
Companies like Sugal and Damani from India and Intralot of Greece are reported to have shown and interest in the Camelot shares for sale and both have either made a bid or expressed an interest.
Whoever buys the Camelot shares for sale will be vetted thoroughly to ensure their suitability and an agreement called the “intra-shareholder agreement” means that all current shareholders have a say in who the Camelot shares for sale are sold to.
Current shareholders in Camelot include:-
- De La Rue – banknote printer
- Fujitsu – Japanese information technology group
- Royal Mail
One person who will not be bidding on the Camelot shares for sale is Richard Branson of Virgin. Mr Branson has previously been twice been refused a licence. He had this to say about the Camelot shares for sale:-
“I have always verbalised my belief that the National Lottery is a licence to print money but we planned to run it on a non-profit basis – to make money from its shareholders would just not be acceptable.
Page Last Updated: 05/10/2011 15:19:44
