FDJ: acquires Unibet

Kindred. FDJ unveils a major operation with a takeover bid for Kindred. Through several brands including Unibet, the target is among the top five European operators in sports betting and online gaming. With more than 2,400 employees, last year it achieved a turnover of €0.9 billion with an EBITDA margin of 24%, i.e. profitability similar to that of FDJ. Market leader in the Netherlands, Kindred also occupies strong positions in Belgium and Sweden. It is estimated that its activity should experience annual growth of around +9% over the next few years, while that of FDJ is estimated at +5%.