France's FDJ to offer 130 Swedish crowns a share for online gaming firm Kindred
22/01/2024 06:11
PARIS, Jan 22 (Reuters) - French gaming company La
Francaise des Jeux FDJ.PA launched on Monday a takeover offer
to buy European online peer Kindred Group KINDsdb.ST , in a
deal it said would create the second-biggest operator in
Europe's gaming sector.
FDJ said it was offering 130 Swedish crowns ($12.43) a share
for Kindred, which would correspond to an enterprise value of
2.6 billion euros ($2.83 billion) and represent a premium of 24%
to its Jan. 19 closing price.
($1=10.4567 Swedish crowns)
($1 = 0.9173 euros)
(Reporting by Sudip Kar-Gupta; Editing by Clarence Fernandez)
((sudip.kargupta@thomsonreuters.com;))