Industry News

Française des Jeux Secures Approval from AMF for November IPO

Published

6 years ago

October 22, 2019

Niji Narayan

Française des Jeux Secures Approval from AMF for November IPO

Photo Source: rtl.fr

Reading Time: < 1 minute

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.

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Niji Narayan

Niji Narayan has been in the writing industry for well over a decade or so. He prides himself as one of the few survivors left in the world who have actually mastered the impossible art of copy editing. Niji graduated in Physics and obtained his Master’s degree in Communication and Journalism. He has always interested in sports writing and travel writing. He has written for numerous websites and his in-depth analytical articles top sports magazines like Cricket Today and Sports Today. He reports gaming industry headlines from all around the globe.