FDJ: launches takeover bid on Kindred

(CercleFinance.com) - La Française des Jeux (FDJ) reports that the Swedish Financial Supervisory Authority (SFSA) has approved the offer document relating to its takeover bid for Kindred Group, the online betting and gaming operator that operates the Unibet brand.


This takeover bid will open on 20 February for up to 39 weeks. Its completion remains subject to obtaining regulatory approvals and FDJ's acquisition of at least 90% of Kindred's capital.

Kindred's EGM will be held on 15 March, on second call, to vote on a change to the company's bylaws allowing for a compulsory buyback of the remaining shares once the 90% shareholding threshold has been reached.


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