Camelot share sale

On 25 March 2010 the five shareholders in Camelot (Cadbury Schweppes, Royal Mail Enterprises, De La Rue, Fujitsu Services and Thales Electronics) announced that they had agreed to sell their shareholdings to the Ontario Teachers Pension Plan (OTPP). This agreement was subject to regulatory approval from the Commission and the Commission’s consent was required before the sale could be completed.

The Commission has now completed its assessment of the terms of the purchase of shares in Camelot Group Limited by OTPP and has given its consent to the sale.

There were two elements to our assessment. Firstly the Commission scrutinised the proposals from OTPP and secured necessary clarifications and improvements to the purchaser’s proposals. Secondly we completed checks into the fitness and propriety of the purchaser, to ensure that the public interest in the National Lottery is safeguarded.

Now that the Commission has completed our process of assessing the purchaser’s proposals and gained the necessary assurances to safeguard the Nation’s interest in the National Lottery, we look forward to working with the new owners of Camelot to maintain the success of the National Lottery.

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