French lottery group looks to buy Britain's Camelot

10th December 2009, Comments 0 comments

French lottery group La Française des jeux (FdJ) is looking into buying British company Camelot which runs Britain's National Lottery, it was reported here Wednesday.

PARIS - Economic dailies Le Figaro Economique and Les Echos said FdJ had until early 2010 to make a bid, but the two newspapers said the deal was far from certain.

Le Figaro Economique said Virgin founder Richard Branson, who has twice tried to buy Camelot, had teamed up with Dutch private company People's Postcode Lottery in a third bid.

Other potential candidates included Indian lottery Sugal & Damani, and Italy's Lottomatica, number one in Europe ahead of Française des jeux, along with investment funds.

Les Echos said the candidature of a public monopoly to buy a cross-Channel private company could raise some eyebrows.

Asked by AFP about the possibility of such an operation, FdJ refused to comment.


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