Lottery Commission approves lotto sale
09/07/2010 10:17:10
After much discussion and many meetings the Lottery Commission approves the lotto sale today and that means the sale of the UK National Lottery company can go through. The company is being purchased by the Ontario Teacher’s Pension Plan for £398 million in one of the biggest sales the country has ever seen. It’s much welcomed lottery news, we’re sure you’ll agree and now the sale can go ahead.
Yesterday the Lottery commission made a statement to say they had scrutinised the proposal and ensured all necessary clarifications have been made to the proposals and now they are satisfied that the public interest of the UK National Lottery company is safeguarded.
The Ontario Teacher’s Pension Plan will now take over the UK National Lottery and the UK branch of the Euromillions Lottery, the company has operated under its current name since it’s launch in 1994 and is on it’s third licence.
The current shareholders, made up of companies such as Cadbury and De La Rue will now hand over their shares for £398 after rival bids from companies such as Virgin and the French Lottery company Francaise des Jeux and hopefully the Canadian company can look to improve the National Lottery and keeping it stable for the future.
Of course the only lottery news most of want to hear about today is tonight’s £23 million Euromillions Lottery rollover and then the UK Lotto rollover tomorrow. Who cares who owns the lottery as long as we can all play and prizes are good, in fact, maybe we’ll even see some changes for the better!
Written by Lucy Lotto
Page Last Updated: 01/10/2010 23:05:21
