FDJ: successful takeover bid on over 90% of Kindred

(CercleFinance.com) - La Française des Jeux (FDJ) has announced the success of its takeover bid for Kindred Group, a leading player in the online betting and gaming sector in Europe.


At the end of the offer period ending on 2 October, 195,659,291 Kindred Swedish Depositary Receipts (SDRs), or 90.66% of the group's capital, had been tendered.

FDJ had also acquired 2,400,000 Kindred SDRs directly from Veralda, representing 1.11% of the group's capital.

As the condition precedent of controlling more than 90% of Kindred's capital1 has been met, FDJ has decided to finalise the acquisition of Kindred Group.

FDJ also announces that it is extending its offer until October 18, 2024 in order to enable Kindred shareholders who have not tendered their shares to do so under unchanged conditions, i.e. 130 SEK per SDR.


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