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National Lottery Sold To Canadian Teachers Pension

 
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mark occomore



Joined: 07 Dec 2006
Posts: 9955
Location: UK

PostPosted: Fri Mar 26, 2010 10:41 am    Post subject: National Lottery Sold To Canadian Teachers Pension Reply with quote

National Lottery operator Camelot has been sold to a Canadian teachers' pension fund for 389m.

The company, currently owned by a consortium that includes Cadbury, has been running the UK's National Lottery since it began in 1994.

The sale will be looked at by the regulator, the National Lottery Commission.

One of the factors in its decision will be whether or not the national interest will be served by the sale.

Camelot's proposed buyer, the Ontario Teachers' Pension Plan - known simply as Teachers' - runs the pension fund for more than a quarter of a million Canadian teachers.

http://news.bbc.co.uk/1/hi/business/8588321.stm
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SantaFefan



Joined: 07 Dec 2006
Posts: 11258
Location: top of the cliffs in Norfolk

PostPosted: Fri Mar 26, 2010 10:44 am    Post subject: Reply with quote

Makes no difference to me as I don't participate.. but, wasn't it a requirement of it's licence back then that it had to British owned?
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