Bookmaker Tote to be put up for sale for up to �200m

By Amy Wilson 657PM GMT twelve March 2010

Tote was formerly put up for sale in Jul 2008 Photo PA

Ministers have allocated bankers from Lazard to suggest on the ordering of the betting outfit, that could reportedly fetch in between �100m and �200m.

That"s about half the cost tab the last time the Tote was put up for sale in Jul 2008. That time, Goldman Sachs was advising but the routine was deserted as the monetary predicament done it unfit to get an suggest the Government was happy with.

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The Government initial attempted to sell the Tote in 1989 and there have been a series of attempts given then. With a ballooning bill necessity to tackle, the Government is seeking again at the sale of state assets.

Lazard"s appointment was reliable by the Department for Culture, Media and Sport.