OTPP buys UK National Lottery firm

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CANADA/UK - The Ontario Teachers' Pension Plan (OTPP) has agreed to buy the operator of the UK National Lottery, Camelot, for an estimated £389m (US$577.7m).

The scheme will buy the firm, which has been running the National Lottery since its launch in 1994, from its shareholders, which includes Cadbury and the Royal Mail. The transaction is subject t...

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