La Française des Jeux (FDJ) reports that the Swedish Financial Supervisory Authority (SFSA) has approved the offer document relating to its takeover bid for Kindred Group, the online betting and gaming operator operating the Unibet brand.

This takeover bid will open on February 20 for a maximum period of 39 weeks. Its completion remains subject to obtaining regulatory approvals and FDJ's acquisition of at least 90% of Kindred's capital.

Kindred's Extraordinary General Meeting will be held on March 15, on second call, to vote on a change to the company's bylaws allowing for a compulsory buyback of the remaining shares once the 90% shareholding threshold has been reached.

Copyright (c) 2024 CercleFinance.com. All rights reserved.