La Française des Jeux (FDJ) is proceeding with acquisition of Kindred Group , Set by 2nd Oct

According to news coming from the gambling industry , La Française des Jeux (FDJ) is proceeding with its acquisition of Kindred Group. Having cleared all regulatory approvals, the former company provided a closing date for the closing of the deal . The French operator, however, needs to fulfill and get additional approvals from Kindred’s investors.

In order for the deal to proceed, the owners of at least 90% of Kindred’s shares must agree with the arrangement.

At the current moment , five of the stakeholders Convex Management, Premier Investissement, Eminence Capital, Nordea and Veranda have given their yes ,and they represent the 27% stake in the company the rest of stakeholders now have to make their informed decisions as well .

 

[CR7]

It's interesting to see that La Française des Jeux (FDJ) is advancing with its acquisition of Kindred Group, with all necessary regulatory clearances in place. The requirement for at least 90% of Kindred's shareholders to agree to the deal is a crucial step in the acquisition process.

The fact that five stakeholders, including Convex Management, Premier Investissement, Eminence Capital, Nordea, and Veranda, have already shown their support by representing a 27% stake in the company is noteworthy. Their affirmative votes are a significant step towards reaching the 90% threshold required for the deal to proceed.

With these key stakeholders on board, the decision of the remaining investors will be critical in determining the outcome of the acquisition. This development adds an element of anticipation to the overall process, and the final agreement will likely hinge on the decisions of these remaining shareholders.