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FDJ Group completes acquisition of 1.12% of Kindred’s outstanding shares from Veralda at a price of 122.5 SEK per share

PRIVATEMar 28, 2024

Acquiring Company

FDJ Group

Acquired Company

Kindred Group

ParisGamingSportsGamblingGamingGamblingGambling Facilities and Casinos

Description

FDJ Group has acquired 1.12% of Kindred Group plc's outstanding shares from Veralda at a price of 122.5 SEK per share following the exercise of the right of first refusal. This acquisition is part of FDJ's strategy to create a European gaming champion.

Quick answer

FDJ Group is acquiring Kindred Group, announced March 28, 2024. FDJ Group is based in Paris, Ile-de-France, France.

How much did FDJ Group pay for Kindred Group?
The deal value was not disclosed.
What does FDJ Group do?
La Française des Jeux (FDJ Group) is one of Europe’s leading betting and gaming operators, with a vast portfolio of iconic brands and a reputation for technological excellence.
Where are FDJ Group and Kindred Group based?
FDJ Group is based in Paris, Ile-de-France, France.

Source: Fundz verified event record.

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Company Information

Company

FDJ Group

Location

Paris, Ile-de-France, France

About

La Française des Jeux (FDJ Group) is one of Europe’s leading betting and gaming operators, with a vast portfolio of iconic brands and a reputation for technological excellence. The group has a presence in around fifteen regulated markets in Europe and offers a diversified, responsible range of games, both under exclusive rights and open to competition. The company is listed on the Euronext Paris regulated market and is a member of several indices including the SBF 120, Euronext 100, and MSCI Europe.

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Frequently asked

Who acquired Kindred Group?

Kindred Group was acquired by FDJ Group, based in Paris. The deal was reported on March 28, 2024. La Française des Jeux (FDJ Group) is one of Europe’s leading betting and gaming operators, with a vast portfolio of iconic brands and a reputation for technological excellence. FDJ Group is privately held and operates in Gaming.

When did FDJ Group acquire Kindred Group?

FDJ Group's acquisition of Kindred Group was reported on March 28, 2024. FDJ Group has acquired 1.12% of Kindred Group plc's outstanding shares from Veralda at a price of 122.5 SEK per share following the exercise of the right of first refusal. This acquisition is part of FDJ's strategy to create a European gaming champion. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.

What does Kindred Group do?

Kindred Group plc. (Kindred) is a gaming company based in Stockholm, Sweden. Kindred offers a wide range of online gaming products, such as casino, poker, and sports betting. It is privately held, operating in Gaming.

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