The Financial Supervisory Authority of Sweden has given Groupe Française des Jeux the go-ahead to move forward with its offer to purchase Kindred Group Plc.
The financial authorization for the Paris gambling group's Swedish market is obtained, allowing it to formally begin its €11.40 per share offer to purchase Stockholm-listed Kindred Group.
With the approval of the financial agency, the group can now proceed with its all-cash takeover of Kindred Group, with a deal estimated to be worth €2.6 billion, over a 39-week period starting on February 20.
The financial authorization for the Paris gambling group's Swedish market is obtained, allowing it to formally begin its €11.40 per share offer to purchase Stockholm-listed Kindred Group.
With the approval of the financial agency, the group can now proceed with its all-cash takeover of Kindred Group, with a deal estimated to be worth €2.6 billion, over a 39-week period starting on February 20.