National Lottery operator sold to French company for €350m

  • 📰 IrishTimesBiz
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 77%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

French lottery operator buys Irish National Lottery operator in €350m dealPurchase marks Francaise des Jeux’s first investment in a lottery outside of France
Source: businessposthq - 🏆 8. / 71 Read more »