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RLPC-UK lottery firm Camelot for sale - bankers

Fri Nov 6, 2009 9:25pm IST
 
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LONDON, Nov 6 (Reuters) - British national lottery operator Camelot's five shareholders have asked bidders to submit offers in around two weeks in a sale that could fetch more than 500 million pounds ($830 million), two bankers said on Friday.

Camelot has been reviewing its options since earlier this year when some of its shareholders -- Cadbury Schweppes (CBRY.L: Quote, Profile, Research), Royal Mail Enterprises, De La Rue (DLAR.L: Quote, Profile, Research), Fujitsu Services (6702.T: Quote, Profile, Research) and Thales Electronics (TCFP.PA: Quote, Profile, Research) -- indicated interest in selling.

"The whole company is up for sale," a banker close to the deal said.

Camelot declined to comment. (Reporting by Tessa Walsh and Zaida Espana, editing by Will Waterman) ($1=.6025 Pound)

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