London, UK – 27 July 2023 – Ontario Lecturers’ Pension Plan Board (“Ontario Lecturers’”) at present introduced that it has entered right into a definitive settlement to promote its majority shareholding in Premier Lotteries Eire DAC (“PLI”) to La Française des Jeux (“FDJ”), the lottery and on-line gaming operator. As a part of the transaction, PLI’s different shareholders, An Put up and the An Put up pension fund, additionally will promote their minority shareholdings in PLI to FDJ.
PLI, headquartered in Dublin, is the operator of the Irish Nationwide Lottery having been awarded a 20-year licence by the Irish Authorities in November 2014. PLI’s core goal is to function a accountable world-class lottery for the individuals of Eire, elevating a lot wanted Good Causes funding for the good thing about native communities all through the nation.
Since being awarded the licence to function the Irish Nationwide Lottery, PLI has introduced the sport to its strongest-ever place and, in flip, raised over €1.9 billion for Good Causes, with 2021 and 2022 being probably the most profitable years in that regard.
FDJ is the biggest French lottery gaming operator and a number one European participant, providing accountable gaming and a dedication to Good Causes funding. It operates a diversified gaming vary throughout lottery and sports activities betting. FDJ and PLI have a long-standing partnership efficiently working the transnational EuroMillions lottery and FDJ has the assets and experience to assist PLI’s continued development and improvement.
Iñaki Echave, Senior Managing Director at Ontario Lecturers’, mentioned: “We’re honoured to have partnered with An Put up and the PLI workforce over the past 9 years to create a fair higher lottery for Eire. We’d prefer to thank the management workforce and PLI staff for his or her contribution. As long-term buyers, we intention to construct stronger firms that create worth for the communities they serve and PLI has generated file ranges of gross sales and contributions to Good Causes. We additionally care about entrusting the corporate to the precise new proprietor and consider {that a} extremely reputed worldwide, like-minded lottery firm as FDJ is properly positioned to assist PLI proceed its success story.”
Vivienne Jupp, Chair of PLI, mentioned: “PLI has moved from power to power since profitable the licence for the Irish Nationwide Lottery. I want to thank Ontario Lecturers’ and An Put up for his or her assist in constructing PLI into a number one European operator within the interval since 2014. Throughout that point, the workforce at PLI has delivered for Good Causes and the group and appears ahead to the subsequent chapter of development, the place we will share finest practices with FDJ and proceed to function a accountable world-class lottery for the individuals of Eire.”
The transaction is topic to customary closing circumstances and regulatory approval.
Media Enquiries
Henrietta Dehn
Ontario Lecturers’ Pension Plan
Cellphone: +44 7407 795 960
Electronic mail: media@otpp.com
About Ontario Lecturers’ Pension Plan
Ontario Lecturers’ Pension Plan Board (Ontario Lecturers’) is a world investor with web property of $247.2 billion as at December 31, 2022. We spend money on greater than 50 international locations in a broad array of property together with private and non-private equities, fastened earnings, credit score, commodities, pure assets, infrastructure, actual property and enterprise development to ship retirement earnings for 336,000 working members and pensioners.
With workplaces in Hong Kong, London, Mumbai, San Francisco, Singapore and Toronto, our greater than 400 funding professionals carry deep experience in a broad vary of sectors and industries. We’re a totally funded outlined profit pension plan and have earned an annual total-fund web return of 9.5% because the plan’s founding in 1990. At Ontario Lecturers’, we do not simply make investments to make a return, we make investments to form a greater future for the academics we serve, the companies we again, and the world we dwell in. For extra data, go to otpp.com and observe us on LinkedIn.
About Premier Lotteries Eire Restricted
Premier Lotteries Eire DAC (PLI) is the operator of the Irish Nationwide lottery having been awarded a 20-year license by the Irish Authorities in November 2014. The core goal of PLI is to function a accountable and world-class lottery for the individuals of Eire, elevating a lot wanted Good Trigger funds for the good thing about native communities all through the nation.
