PARIS (Agefi-Dow Jones)–Crédit Agricole Assurances (CAA), the bancassurance arm of the Crédit Agricole banking group, announced on Wednesday that it had sold approximately 4.07 million shares of La Française des Jeux (FDJ), representing nearly 2 .2% of the capital of the gambling operator. Crédit Agricole Assurances announced Tuesday evening its intention to carry out such an operation.
This sale of securities was carried out to qualified investors through a process of accelerated construction of an order book, CAA indicated in a press release.
The transaction was carried out at a price of 36.60 euros per FDJ share. Tuesday evening, the action closed at 39.34 euros. CAA thus sold these FDJ shares for a total amount of approximately 149.1 million euros, with a discount close to 7% compared to the last stock price before the announcement, according to calculations by the Agefi agency. Dow Jones.
Following this operation, CAA holds approximately 3.3% of the capital and 4.5% of the voting rights of FDJ, via its subsidiaries Predica and Crédit Agricole Assurances Retrait. The bank-insurer of the Crédit Agricole banking group still sits on the board of directors of the gambling operator, of which he has been a shareholder since the IPO in November 2019.
-Dimitri Delmond, Agefi-Dow Jones; +33 (0)1 41 27 47 31; [email protected] ed: JDO
Agefi-Dow Jones The financial newswire
(END) Dow Jones Newswires
November 20, 2024 02:11 ET (07:11 GMT)
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