Industry News

FDJ Signs Deal to Acquire Bimedia

Published

5 years ago

November 27, 2019

Niji Narayan

Reading Time: < 1 minute

FDJ has signed a contract to acquire payment service provider Bimedia from private equity and venture capital firm Idinvest Partners. The acquisition would be made based on an enterprise value of less than €50 million, financed from the Group’s own funds.

This acquisition would enable FDJ to accelerate the development of its “Payment and Services” business, in line with its 2025 strategic plan. FDJ thus confirms its commitment to support the development and modernisation of its retail distribution network by offering value-added services.

The completion of this transaction is subject to the usual suspensive conditions, including approval by the French Competition Authority.

Related Topics:

Up Next

Lithuania Gambling Supervisory Authority to Apply for New Enforcement Powers

Don't Miss

RTG Asia Releases Heavenly Treasures

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.