(AOF) – FDJ announces that it has acquired 2.4 million shares of its Swedish competitor Kindred from Veralda, representing 1.12% of Kindred’s outstanding shares. The gambling specialist, which announced the acquisition of Kindred at the end of January, adds that this decision follows Veralda’s offer to sell 49% of its Kindred shares, or 2.4 million shares corresponding to 1 .12% of the outstanding shares, at a price of 122.5 Swedish crowns per share, and that Veralda’s irrevocable undertaking will continue to apply to its remaining 1.18% stake in Kindred.
Veralda, which holds 2.3% of Kindred’s capital, was authorized to sell 50% of its shares after Kindred’s general meeting, which amended its statutes to allow the implementation of a squeeze-out procedure, on March 15, 2024. If Veralda decided to sell its shares, it agreed to first offer FDJ the opportunity to purchase the shares at a price not exceeding the offer price of 130 crowns per share.
Following this purchase, FDJ owns 1.12% of Kindred’s outstanding shares and the remaining irrevocable commitments with Corvex Management LP, Premier Investissement SAS, Eminence Capital, Nordea and Veralda represent a total of 26.82% of Kindred’s outstanding shares.
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