As part of its privatisation, La Française des Jeux (FDJ), the largest player in the French gaming industry, announces the launch of its Initial Public Offering with a view to the admission of its shares to trading on the regulated market of Euronext in Paris.

This transaction will involve the French State selling a maximum of 99,320,000 existing FDJ shares, which represent a maximum of 52% of FDJ’s share capital.

Stéphane Pallez, Chairwoman and CEO of FDJ, said: “Today marks the opening of the final stage leading to the privatisation of La Française des Jeux, with the launch of its Initial Public Offering on the Euronext Paris stock exchange. In addition to the tranche set aside for institutional investors, I am pleased that a significant portion of the offer is reserved for individuals, including our distributors, as well as employees, who will benefit from preferential conditions to buy FDJ shares.

We hope that many of them will take part in the operation to become long-standing shareholders of a strong, dynamic, innovative and responsible company. The fruits of our growth will be shared with shareholders by means of an attractive dividend policy, with the aim of paying out 80% of net income as early as 2020.”FDJ Launches Its IPO on the Regulated Market of Euronext Paris.