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Stock exchange : a month of june marked by OPA

Stock exchange : a month of june marked by OPA

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In June, the financial world will be marked by numerous takeover bids: the takeover of MGM by Amazon, an OPRA launched by Idsud, as well as a takeover bid by Vonovia for Deutsche Wohnen.

 

The Idsud group has launched a new kind of public share buyback offer (OPRA), by way of an exchange of Française des Jeux shares. Indeed, the French financial markets authority (AMF) has announced that it has been informed of a proposed public tender offer by Idsud.

 

This proposed public exchange offer concerns a maximum of 536,503 shares, i.e. 59.74% of the group’s total capital, by way of exchange for FDJ shares held by Idsud. Thus, for each Idsud share tendered to the offer, the group commits to the delivery of four FDJ shares held in its portfolio.

 

The Luciani family owns 387,521 shares, i.e. 43.15% of Idsud‘s capital, but does not wish to add its shares to the offer, except for Jérémie Luciani, who has announced that he will contribute his 31,472 shares. The offer should take place between July and August 2021.

 

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