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04/10/2013
Preferred Bidder Selected For National Lottery Licence
A preferred bidder has been selected in the sale of the next National Lottery licence.
Premier Lotteries Ireland made a bid of €405 million for the 20 year licence, which will begin next October.
The consortium is made up of the Ontario Teachers' Pension Plan, which owns the Camelot Group, An Post and An Post pension funds.
The Department of Public Expenditure and Reform will undertake discussions with Premier Lotteries Ireland to finalise the details of the deal.
It is understood that the bid of €405m was considerably higher than expected.
(MH/CD)
Premier Lotteries Ireland made a bid of €405 million for the 20 year licence, which will begin next October.
The consortium is made up of the Ontario Teachers' Pension Plan, which owns the Camelot Group, An Post and An Post pension funds.
The Department of Public Expenditure and Reform will undertake discussions with Premier Lotteries Ireland to finalise the details of the deal.
It is understood that the bid of €405m was considerably higher than expected.
(MH/CD)
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