La Française des Jeux (FDJ) announces that it has filed a takeover bid for the entire share capital of Kindred, a company listed on Nasdaq Stockholm and one of Europe's leading online betting and gaming companies, notably operating the Unibet brand.

This offer is being made at a price of 130 Swedish kronor per share, representing a premium of 24% on the closing price on January 19, and corresponding to an enterprise value of 2.6 billion euros for Kindred.

This operation, unanimously recommended by Kindred's Board of Directors, should have an accretive effect of over 10% on the dividend per share, starting with that paid for the 2025 financial year.

The takeover bid will be opened on February 19 for a maximum period of nine months. Its completion will remain subject to regulatory approvals and the acquisition by FDJ of at least 90% of Kindred's share capital.

Copyright (c) 2024 CercleFinance.com. All rights reserved.