French antitrust authorities have approved Française des Jeux, the country's lottery monopoly, to acquire the Kindred Group, a massive online gambling company listed on the Stockholm stock exchange, for a projected $2.7 billion.
Nonetheless, Française des Jeux's monopolistic business and its commercial operations needed to be clearly distinguished from one another, according to the Competition Authority. That implies that Kindred's products cannot be cross-marketed to its lottery and sports betting clients by Française des Jeux, a former state-owned company.
Nonetheless, Française des Jeux's monopolistic business and its commercial operations needed to be clearly distinguished from one another, according to the Competition Authority. That implies that Kindred's products cannot be cross-marketed to its lottery and sports betting clients by Française des Jeux, a former state-owned company.
