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National Lottery operator to be bought by French gambling company for €350m

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The takeover will mean that, for the first time since its conception, there will be no state ownership in the National Lottery since it was privatised in 2014, as An Post leaves its minor shareholder position.

FRENCH GAMBLING COMPANY Française des Jeux has agreed to purchase the operator of the National Lottery, Premier Lotteries Ireland , for €350 million from its three main shareholders.

The takeover will mean that, for the first time since its conception, there will be no state ownership in the National Lottery since it was privatised in 2014, as An Post leave its minor shareholder position . The group is one of the largest international institutional investors. Managing director Iñaki Echave thanked An Post and PLI for their partnership over the nine years in a statement welcoming the acquisition yesterday.

 

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