FDJ Among Contenders For UK National Lottery Contract

Francaise des Jeux (FDJ), the newly privatised French lottery monopoly, is among contenders for the lucrative UK National Lottery contract, according to media reports.

FDJ has met with Rothschild & Co, the investment bank hired by the Gambling Commission as its lead financial advisor, according to the Daily Telegraph.

Former Daily Express and Daily Star owner Richard Desmond has also reaffirmed his interest in winning the licence, according to the Daily Mail.

Desmond's Northern & Shell company operates the Health Lottery.

Last month, FDJ completed an initial public offering (IPO) that valued the company at €3.7bn, and on Monday its market capitalisation was €4.24bn.

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