Lottery firm Camelot for sale - bankers

Fri 06 Nov, 2009 16:50

LONDON (Reuters) - National lottery operator Camelot's five shareholders have asked bidders to submit offers in around two weeks in a sale that could fetch more than 500 million pounds, two bankers said on Friday.

Camelot has been reviewing its options since earlier this year when some of its shareholders -- Cadbury Schweppes, Royal Mail Enterprises, De La Rue, Fujitsu Services and Thales Electronics -- indicated interest in selling.

"The whole company is up for sale," a banker close to the deal said.

Camelot declined to comment.

(Reporting by Tessa Walsh and Zaida Espana, editing by Will Waterman)