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04/10/2013
Preferred Bidder Selected For National Lottery Licence
A preferred bidder has been selected in the sale of the next National Lottery licence.
Premier Lotteries Ireland made a bid of €405 million for the 20 year licence, which will begin next October.
The consortium is made up of the Ontario Teachers' Pension Plan, which owns the Camelot Group, An Post and An Post pension funds.
The Department of Public Expenditure and Reform will undertake discussions with Premier Lotteries Ireland to finalise the details of the deal.
It is understood that the bid of €405m was considerably higher than expected.
(MH/CD)
Premier Lotteries Ireland made a bid of €405 million for the 20 year licence, which will begin next October.
The consortium is made up of the Ontario Teachers' Pension Plan, which owns the Camelot Group, An Post and An Post pension funds.
The Department of Public Expenditure and Reform will undertake discussions with Premier Lotteries Ireland to finalise the details of the deal.
It is understood that the bid of €405m was considerably higher than expected.
(MH/CD)
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Ireland WeatherToday:Showers today, occasional north and west of Lough Neagh, but only a few isolated light outbreaks expected for Belfast and county Down where the best of the winter sunshine is expected. West to northwest winds brisk around the coasts. Maximum temperature 10 °C.Tonight:Showers focused across northern areas of the Province, with most in the south staying dry, with a frost developing for many here. Northwest winds fresh around the coasts. Minimum temperature 0 °C.
