FDJ Signs an Agreement to Acquire the ZEturf Group, France’s Second-Largest Operator in the Online Horse-Race Betting Market
November 17 2022 - 2:19AM
Business Wire
Regulatory News:
La Française des Jeux (FDJ) (Paris:FDJ) has announced that it
has signed an agreement to acquire the ZEturf group, which operates
online horse-race betting as well as online sports betting under
the ZEbet brand. This agreement follows FDJ’s announcement on 19
September 2022 that it had entered into exclusive negotiations with
ZEturf.
Stéphane Pallez, Chairwoman and CEO of FDJ Group, commented:
“I’m delighted that we’ve signed an agreement to acquire the ZEturf
group, a key player in online horse-race betting. With this
transaction and the launch of our poker range, which together
strengthen our growth prospects, FDJ is optimally positioned to
become a major player in the French market for online games open to
competition, while remaining true to our recreational, responsible
and redistributive gaming model.”
Emmanuel de Rohan-Chabot, founder of the ZEturf group,
commented: “Twelve years after online betting was opened up to
competition in France, the tie-up between the ZEturf group and FDJ
Group’s online sports betting business marks a new stage in our
development, bringing together the strengths of two complementary
operators. It’s also an opportunity for our staff to bring their
expertise to bear as part of a highly engaged, ambitious group and
to benefit from the synergies created by this tie-up.”
Founded in 2001, the ZEturf group has around a hundred employees
and generated nearly €50 million in revenue in 2021. The
transaction puts the ZEturf group’s value at €175 million.
Additional consideration may be paid depending on performance in
2023. The transaction will be accretive for the contribution margin
of FDJ’s Sports Betting & Online Gaming BU from 2024.
It is expected to close in the second half of 2023, once the
conditions precedent have been met, including approval by the
French Competition Authority.
In this transaction Mayer Brown served as legal counsel and
Messier & Associés as financial advisor to FDJ.
About La Française des Jeux (FDJ Group)
France’s national lottery and leading gaming operator, the #2
lottery in Europe and #4 worldwide, FDJ offers secure, enjoyable
and responsible gaming to the general public in the form of lottery
games (draws and instant games) and sports betting (ParionsSport),
available from physical outlets and online. FDJ’s performance is
driven by a portfolio of iconic and recent brands, the #1 local
sales network in France, a growing market, recurring investment and
a strategy of innovation to make its offering and distribution more
attractive with an enhanced gaming experience.
FDJ Group is listed on the Euronext Paris regulated market
(Compartment A – FDJ.PA) and is included in indices such as the SBF
120, Euronext 100, Euronext Vigeo 20, EN EZ ESG L 80, STOXX Europe
600, MSCI Europe and FTSE Euro.
For more information, www.groupefdj.com
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