FDJ drops after Credit Agricole Assurances sells shares in ABB

FDJ United

20/11/2024 08:52

** Shares in La Française des Jeux (FDJ)  FDJ.PA  drop 4.9%
after Credit Agricole Assurances (CAA) announced sale of 4.07
mln shares of the French gaming group via an accelerated
bookbuilding process
    ** Deal was priced at 36.60 euros per share, a 7%  discount
to FDJ stock's Tuesday close of 39.34 euro
    ** Following the placement, CAA will own about 3.3% of FDJ's
capital
    ** Up to the previous session's close, shares were up 19.8%​
YTD

 (Reporting by Dimitri  Rhodes)
 ((Dimitri.Rhodes@thomsonreuters.com;))