SALE OF CAMELOT SHARES ON CARDSMonday May 19,2008 A SHAKE-up in the ownership of National Lottery operator Camelot is on the cards, with two of the company’s five shareholders preparing to sell their stakes. Confectionery group Cadbury and French aerospace firm Thales are understood to be weighing up the disposal of their respective 20 per cent holdings, which could be worth about £150million each.
There has been speculation that another Camelot investor, the UK-listed banknote printer De La Rue, may signal a possible disposal of its stake in a forthcoming strategic review update. The five investors, which also comprise Royal Mail and Fujitsu, shared profits of just over £34million last year, with returns capped under the terms of Camelot’s licence. Cadbury’s move is seen as a further tidying up of its business interests after the recent demerger of its US soft drinks business. Industry regulator the National Lottery Commission will vet any new shareholder before its holding can be approved. The remaining investors have pre-emptive rights to buy the other stakes as well as having a veto over the introduction of new shareholders. |
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| Saturday 22nd November 2008 |  |
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