French lottery operator La Française des Jeux (FDJ) has signed an agreement to acquire Premier Lotteries Ireland (PLI), which holds the exclusive rights to operate the Irish National Lottery until 2034.
FDJ said it is acquiring the entire capital of Premier Lotteries Ireland for an enterprise value of €350m [$385m].
It means all three of Premier Lotteries current shareholders: main shareholder Ontario Teachers’ Pension Plan (OTPP) plus An Post, and An Post Pension Fund, are selling their stakes.
OTPP acquired the operator in 2014 for €405m in a deal that granted a 20-year licensing period and included keeping long-time lottery operator An Post and An Post Pension Funds as junior partners.
