La Française des Jeux (FDJ) has initiated the squeeze-out process for the remaining shareholders of Kindred Group, after solidifying its control of 98.6% of the group’s total shares. This marks a crucial step toward finalising the €2.45bn acquisition of Kindred, which FDJ secured earlier this month.
FDJ’s acquisition cleared its final regulatory and shareholder obstacle on 2 October when the company surpassed the critical 90% ownership threshold.
This level of control allowed FDJ to proceed with the formal acquisition process under Swedish corporate law.
By reaching 90.66% of Kindred’s share capital, FDJ secured the necessary majority to enforce a full takeover. The deal involved FDJ’s purchase of 196 million Swedish Depositary Receipts.
