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Canadian Pension Plan to Acquire Camelot for £389m

26th March 2010 9:43 am GMT

The Ontario Teachers' Pension Plan, the largest single-profession pension plan in Canada, has agreed to acquire UK National Lottery operator Camelot Group plc for approximately £389 million, bringing an end to a sale process that began nearly a year ago.

Subject to approval from the UK National Lottery Commission, Ontario Teachers' Pension Plan (Teachers') will acquire the shares from Camelot's five shareholders: Cadbury Holdings Ltd, De La Rue Holdings plc, Fujitsu Services [...]

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