Brief: FDJ Signs Agreement To Buy Zeturf Group

FDJ United

17/11/2022 06:48

Nov 17 (Reuters) - La Francaise des Jeux SA  FDJ.PA :
    * FDJ SIGNS AN AGREEMENT TO ACQUIRE  THE ZETURF GROUP,
FRANCE’S
SECOND-LARGEST  OPERATOR IN THE ONLINE HORSE-RACE BETTING MARKET
    * THIS AGREEMENT FOLLOWS FDJ’S ANNOUNCEMENT ON 19 SEPTEMBER
2022
THAT IT HAD  ENTERED INTO EXCLUSIVE NEGOTIATIONS WITH ZETURF
    * IT IS EXPECTED TO CLOSE IN THE SECOND HALF OF 2023
    * IN THIS TRANSACTION MAYER BROWN SERVED AS LEGAL COUNSEL
AND
MESSIER & ASSOCIÉS AS FINANCIAL  ADVISOR TO FDJ
    * THE TRANSACTION PUTS THE ZETURF GROUP’S VALUE AT  €175
MILLION
    * THE  TRANSACTION WILL BE ACCRETIVE FOR THE CONTRIBUTION
MARGIN
OF FDJ’S SPORTS BETTING & ONLINE  GAMING BU FROM 2024

Further company coverage:  FDJ.PA 
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