{"id":7890,"date":"2024-09-19T06:19:10","date_gmt":"2024-09-19T06:19:10","guid":{"rendered":"https:\/\/slategray-wallaby-310340.hostingersite.com\/index.php\/2024\/09\/19\/fdj-pushes-up-deadline-for-kindred-acquisition-to-october-2\/"},"modified":"2024-09-19T06:19:10","modified_gmt":"2024-09-19T06:19:10","slug":"fdj-pushes-up-deadline-for-kindred-acquisition-to-october-2","status":"publish","type":"post","link":"https:\/\/casino-online-best.com\/index.php\/2024\/09\/19\/fdj-pushes-up-deadline-for-kindred-acquisition-to-october-2\/","title":{"rendered":"FDJ Pushes Up Deadline for Kindred Acquisition to October 2"},"content":{"rendered":"
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With a major update on the closing date, La Fran\u00e7aise des Jeux (FDJ) is moving forward with its acquisition of Kindred Group. FDJ is moving on with the deal, which is now slated to close on October 2, 2024, after obtaining all the regulatory approvals.<\/p>\n

An important step in the acquisition process has been reached when FDJ received the French Competition Authority\u2019s final approval. FDJ had originally set a closing date of November 19, 2024. The French operator, however, has accelerated the process and moved the deal\u2019s closing date to October 2 in light of the regulatory green light.<\/p>\n

\u201cWe are pleased to have received the final clearance, which allows us to advance our acquisition plans,\u201d<\/em> FDJ stated.<\/p>\n

Pending Shareholder Approval<\/h2>\n

The shareholders of Kindred still need to give FDJ their permission, even with the regulatory clearances. Investor approval for at least 90% of Kindred\u2019s shares is necessary for FDJ to move forward.<\/p>\n

As of right now, the deal has the support of five significant shareholders: Nordea, Premier Investissement, Corvex Management, Eminence Capital, and Veralda. 26.72% of Kindred\u2019s Swedish depository receipts (SDRs) are held by these organizations. One and a half of Kindred\u2019s SDRs are owned by FDJ.<\/p>\n

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