FDJ United integrates Kindred to strengthen European gaming position
FDJ United said it completed its acquisition of Kindred in October 2024, adding the Unibet owner to its European gambling group. On a pro forma basis, the group reported 2024 net gaming revenue of €3.6bn and adjusted EBITDA of €964m, with a 25.4% margin; net debt rose to €1.724bn after the integration and a €1.5bn bond issue.
Investors can assess FDJ United’s expanded European scale alongside higher net debt following the Kindred integration and bond issue.