Kindred Group confirmed Sunday that La Française des Jeux SA has made an acquisition bid, which might create considered one of Europe’s largest on-line playing firms.
In a press release Sunday, Kindred mentioned its board has been evaluating choices to “ship shareholder worth” since April 2023, and that the takeover bid is predicted to be introduced earlier than markets open Monday.
Earlier Sunday, the Wall Road Journal reported FDJ was in talks to purchase Kindred for about $2.5 billion.
Paris-based FDJ FDJ, +1.48% presents on-line sports activities betting and playing, and operates France’s nationwide lottery. In November, it acquired Premier Lotteries Eire, which runs Eire’s nationwide lottery.
Kindred SE:KIND, which is headquartered in Malta and traded on Stockholm’s change, presents on-line playing over 9 manufacturers in Europe, North America and Australia. In November, Kindred introduced it might exit the North American market by mid-2024 to deal with its core market in Europe.