National Lottery operator sold to French company for €350m

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Premier Lotteries holds exclusive rights to operate Irish lotto until 2034

David McRedmond, chief executive of An Post and a director of National Lottery, said the agreement is a “positive outcome for Ireland”.

“This is a very good business for An Post,” said the postal operator’s chief financial officer Peter Quinn, “and reflects well on the success of managing the investment in the National Lottery. We look forward to working closely with FDJ on future strategy to service customers and to ensure maximum contributions to good causes now and for generations to come.”

The Irish Times reported in March that the OTTPP planning to sell the business despite having more than a decade remaining on its licence.

 

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