FDJ completes Kindred acquisition for nearly €2.5bn
Groupe Française des Jeux (FDJ) completed its acquisition of Kindred after securing 90.66% of the group’s capital through tendered Swedish Depository Receipts and a further 1.11% through a direct purchase. FDJ said settlement for tendered shares would begin on 11 October and extended its offer until 18 October 2024, with a squeeze-out procedure planned on Nasdaq Stockholm.
The acquisition combines FDJ’s lottery operations with Kindred’s online businesses, reshaping their presence across European markets.