Goldman Sachs has acquired an additional stake in Kindred Group, now owning 5.4% of the shares and becoming the third-largest shareholder.
This acquisition is expected to draw the attention of Française des Jeux (FDJ), which is contemplating a full takeover of Kindred. FDJ‘s offer, reportedly around €2.6 billion, is still under evaluation. The recent Goldman Sachs deal, which Kindred was informed of last week, aligns with the broader context of FDJ’s interest.
FDJ’s offer is currently being reviewed by French and European authorities. The French authorities are assessing potential antitrust concerns, while European authorities are evaluating whether FDJ underpaid for lottery rights during its privatization in 2019-2020.
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