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FDJ’s Tender Offer for Kindred Succeeds, Creating a European Gaming Champion

 
FDJ’s Tender Offer for Kindred Succeeds, Creating a European Gaming Champion
 La Française des Jeux (FDJ) has announced the success of its tender offer for Kindred Group plc, a leading player in the European online betting and gaming sector.
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With the condition of controlling more than 90% of Kindred’s share capital fulfilled, FDJ has decided to complete the acquisition of Kindred Group plc. Settlement and delivery for Kindred shareholders who tendered their SDRs will take place from 11 October, and FDJ will implement a squeeze-out procedure on Nasdaq Stockholm.

Kindred is one of the top online betting and gaming players in Western Europe, present in several of the region's main markets, including the Netherlands, the UK, France, Sweden, and Belgium. It offers a comprehensive online portfolio (sports and horse betting, poker, and casino), operating brands such as Unibet and 32Red.

This transaction creates a European champion with a diversified and balanced profile, based on monopoly activities, primarily lotteries, in France and Ireland, and online sports betting and gaming activities open to competition in Europe.

The new combined group will generate a significant portion of its revenue internationally, with a considerable share coming from competitive online gaming.

Stéphane Pallez, Chairwoman and CEO of the FDJ Group, said: “I am delighted to announce today the acquisition of Kindred, a leading European player in the competitive online betting and gaming sector. Kindred has strong brands, recognized technological excellence, and an attractive growth and profitability profile, all of which will bolster FDJ’s strengths. Both groups share high standards for responsible gaming and a business model that combines performance and responsibility. This acquisition creates a new European champion that will pursue a strategy of sustainable and profitable growth for the benefit of all stakeholders.”
18+ | Juegoseguro.es – Jugarbien.es
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