PARIS (Agefi-Dow Jones)–Crédit Agricole Assurances (CAA), the bancassurance arm of the Crédit Agricole banking group, announced Tuesday its intention to sell approximately 4.07 million shares of La Française des Jeux (FDJ), representing nearly 2.2% of the capital of the gambling operator.
Based on the closing price of FDJ shares on Tuesday, this sale of securities could represent an amount of around 160 million euros, according to calculations by the Agefi-Dow Jones agency.
This sale of securities will be carried out to qualified investors through a process of accelerated construction of an order book, CAA indicated in a press release, adding that it thus intended to rationalize its investment portfolio.
Via its subsidiaries Predica and Crédit Agricole Assurances Retrait, CAA currently holds 5.5% of the capital and 7.3% of the voting rights of FDJ.
At the end of the operation, CAA will see its participation reduced to approximately 3.3% of the capital and 4.5% of the voting rights of FDJ, but will continue to sit on the board of directors of the gaming operator. money and chance.
CAA has been a shareholder of FDJ since its IPO in November 2019.
“The final conditions of the placement will be determined and announced after the end of the order book construction process,” CAA said, knowing that the settlement and delivery of the shares should take place next Friday.
-Vincent Alsuar, Agefi-Dow Jones; 01 41 27 47 39; [email protected] ed: LBO
Agefi-Dow Jones The financial newswire
(END) Dow Jones Newswires
November 19, 2024 12:24 PM ET (17:24 GMT)
