Kindred Group confirmed Sunday that La Française des Jeux SA has made an acquisition bid, which might create one in every of Europe’s largest on-line playing firms.
In a press release Sunday, Kindred stated its board has been evaluating choices to “deliver shareholder value” since April 2023, and that the takeover bid is anticipated to be introduced earlier than markets open Monday.
Earlier Sunday, the Wall Street Journal reported FDJ was in talks to purchase Kindred for about $2.5 billion.
Paris-based FDJ
FDJ,
affords on-line sports activities betting and playing, and operates France’s nationwide lottery. In November, it acquired Premier Lotteries Ireland, which runs Ireland’s nationwide lottery.
Kindred
SE:KIND,
which is headquartered in Malta and traded on Stockholm’s alternate, affords on-line playing over 9 manufacturers in Europe, North America and Australia. In November, Kindred introduced it will exit the North American market by mid-2024 to deal with its core market in Europe.
Source web site: www.marketwatch.com
