FDJ launches takeover bid of kindred

According to GI Friday, FDJ, the French lottery operator, has launched a takeover bid for Kindred Group following Kindred's difficult year. The all-cash offer represents a 24% premium over Kindred's recent share price. The acquisition is part of FDJ's strategy to expand internationally, especially in Europe, and is expected to significantly increase its gross gaming revenue. Kindred has shown growth despite challenges, making it a valuable acquisition for FDJ. The deal is anticipated to enhance FDJ's dividends from 2025 and is subject to regulatory approvals.