Lottery firm Camelot for sale - bankers

reuters
On 16:50 GMT, Friday 6 November 2009

LONDON (Reuters) - National lottery operator Camelot (CAML.PK - news) '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 (LSE: CBRF.L - news) , Royal Mail Enterprises, De La Rue (LSE: DLAR.L - news) , 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)

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