Tag Archives: PACTE LOI

EC probes FDJ’s €380m French national lottery contract

The European Commission (EC) has launched an ‘in-depth investigation’ examining how Groupe FDJ secured its 25-year exclusive concession to operate France’s national lottery. The Commission has launched its investigation following two separate complaints that highlighted Francaise des Jeux (FDJ) paying the French government a fee of €380 million to operate France’s national lottery games and retail distribution network. FDJ’s exclusive …

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French government triggers public reward in FDJ

France’s Ministry of the Economy and Finance has activated its ‘public reward’ for investors that participated in the Paris Euronext IPO of Française des Jeux (FDJ) back in November 2019. Groupe FDJ’s public investors will be rewarded with one additional share for each tranche of 10 IPO shares brought, with the supplement paid for by the French government. The offer, which …

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FDJ secures ‘favourable’ €380m loan to repay French state duties

Française des Jeux (FDJ) has secured access to a €380 million syndicated loan, in which funds will be utilised to repay the French state’s agreed 25-year national lottery operating concession. Prior to becoming a publicly listed enterprise by floating on the Paris Euronext Exchange last November, the French government had granted FDJ a 25-year extension on its existing national lottery …

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En Marche hails FDJ’s IPO success

France’s Economic & Finance Minister Bruno Le Maire has hailed the public listing of Française des Jeux (FDJ) as a success for the government’s ‘Pacte Loi’ enterprise mandate – as FDJ secures a share subscription to date of over €1 billion on the Paris Euronext Exchange. FDJ’s stock went live on Friday 8 November, with the French government adding listing terms …

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En Marche appoints banking collective to table an FDJ IPO

The French government has accelerated its plans to privatise state-owned lottery and sports betting operator Francaise des Jeux (FDJ), appointing a collective of eight investment banks to work on the sale of the asset. This week, the APE, the agency overseeing the management French state-owned firms, confirmed that BNP Paribas would be joined by Citigroup, Goldman Sachs, Credit Agricole, HSBC, …

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En Marche faces rocky road in pursuit of FDJ sale

France’s Senate has revealed that it will review the proposed sale of state-owned assets Française des Jeux (FDJ) and Aéroports de Paris (ADP) this April. The decision follows the approved passage of the ‘PACTE Loi’ mandate, which seeks to implement the En Marche government’s headline ‘Enterprise and Innovation’ programme, which will move to privatise a number of French public firms and …

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