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French lottery operator Française des Jeux (FDJ) has secured approval from the country’s stock market regulator Autorité des marchés financiers (AMF) to proceed with its initial public offering (IPO). AMF signed off on FDJ’s registration document, with trading expected to commence on November 21.
The IPO is expected to take place on the Euronext market in Paris, although the transaction still remains subject to other regulatory approvals from the AMF.
“This privatisation project marks the start of a new chapter in the history of our company. With its strong economic model supported by innovation, the group will pursue a balanced growth strategy, combining economic performance, responsible gaming and social commitments. Our ambition is to strengthen our position as the leading operator of lottery and sports betting in France, and to become a leading international player in the gaming and services sector,” Stéphane Pallez, chief executive of FDJ said.
Source: Latest News on European Gaming Media Network
This is a Syndicated News piece. Photo credits or photo sources can be found on the source article: Française des Jeux Secures Approval from AMF for November IPO
