FDJ brings forward completion of Kindred Group acquisition

M&A

La Française des Jeux (FDJ) brings forward the expiry of the acceptance period of its offer on Kindred to 2 October after having obtained all necessary regulatory approvals.

On 22 January 2024, FDJ, announced a recommended public offer to the holders of Swedish Depository Receipts (the “SDRs”) in Kindred Group plc to tender all their SDRs in Kindred at a price of SEK 130 in cash per SDR (the “Offer”)[1]. An offer document relating to the Offer was published on 19 February 2024 and supplements to the offer document were made public 25 April 2024 and 25 July 2024.

FDJ announces that it has obtained final approval from the French Competition Authority to complete the Offer.

The definitive clearance of the acquisition of Kindred by the French Competition Authority was the last regulatory condition required for the completion of the Offer. Thus, having obtained all necessary regulatory clearances, approvals and decisions, FDJ has decided to bring forward the expiry of the acceptance period of the Offer to 17.00 CEST on 2 October 2024 (from the initial date of 19 November 2024).

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