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The company, which employs around 2,500 people, is listed on the Nasdaq Stockholm Large Cap and is a member of the European Gaming and Betting Association (EGBA) and a founding member of the IBIA (International Betting Integrity Association). (AP Photo/Michel Euler) KEYSTONE/AP/MICHEL EULER sda-ats
This content was published on January 22, 2024 – 11:06 am. January 22, 2024 – 11:06 am
(Keystone ATS)
La Française des Jeux (FDJ) announced on Monday that it wants to buy the online gaming provider Kindred, which notably includes Unibet, for 2.6 billion euros (2.5 billion francs), with the aim of “a Champion of Gambling and Gambling”.
“Due to their respective histories, strategic strengths and values, FDJ and Kindred are highly complementary,” emphasized FDJ CEO Stéphane Pallez in the press release.
Kindred “is a leading player in the online betting and gaming sector in Europe” and this merger will create a “European champion with a strengthened financial profile,” emphasizes Française des Jeux.
The French group’s offer, which concerns all of Kindred’s capital, “is made at the price of 130 Swedish krona per share of Kindred, listed on Nasdaq in Stockholm”, a price “at a premium of 24% to the closing price corresponds”. on January 19th and corresponds to an enterprise value of 2.6 billion euros for Kindred,” says the press release.
This takeover offer “was supported by the boards of directors of the two groups” and the offer will be open on February 19 “for a maximum period of nine months, the closing of which remains subject to the usual conditions precedent for a public offer”. Part of the regulatory authorities.
“By partnering with FDJ, I am convinced that Kindred will be able to accelerate the implementation of long-term strategic projects, continue its growth in its main markets and offer its customers a trusted source of entertainment,” comments Nils Anden, for his part, Managing Director of Kindred.
Kindred Group is one of the world’s leading online gaming providers with offices in Europe, North America and Australia. It has more than 30 million customers spread across 9 brands (Unibet, bingo.com, 32 Red, Maria Casino, etc.).
The company, which employs around 2,500 people, is listed on the Nasdaq Stockholm Large Cap and is a member of the European Gaming and Betting Association (EGBA) and a founding member of the IBIA (International Betting Integrity Association).
In 2023, the FDJ, which shows ambitions in the gaming sector, from online poker to horse racing betting, announced that it would buy the operator of the Irish national lottery, Premier Lotteries Ireland (PLI), “for an enterprise value of €350 million” for the first time For the first time in its history to operate a lottery abroad.
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