La Française des Jeux SA, France’s national lottery and leading betting and gaming operator, has announced a recommended public offer to the shareholders of Kindred Group plc regarding the SDRs in Kindred Group plc that are admitted to trading on Nasdaq Stockholm. Through the transaction, La Française des Jeux SA strengthens its position in Europe within gambling and betting.
Across its portfolio of iconic brands, Kindred Group plc is a trusted source of safe, fair, and sustainable entertainment for 1.6 million active customers. The transaction will create a European gaming champion with increased scale, technology and content capabilities and greater diversification. The transaction is also consistent with best-in-class sustainability and responsible gaming approach.
The total value of the offer is approximately SEK 28 billion. Vinge advises La Française des Jeux SA.
The Vinge team includes David Andersson, Erik Sjöman, William Kåge, Gabriel Chabo and Isabell Bitar (Capital Markets and Public M&A) as well as Louise Brorsson Salomon and Helena Göransson (Banking and finance).