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UK to launch open sale process for Tote in Autumn

16th September 2010 8:58 am GMT

Looking to finally resolve the future of the state-owned Tote, the UK government has announced that it will launch an open market sale process in late Autumn, inviting proposals for the business from both private bidders and other parties.

A previous effort to sell the Tote was delayed in 2008 due to volatile market conditions and the looming recession. Sports Minister at the time, Gerry Sutcliffe, said that it was not appropriate to pursue a sale [...]

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