La Française des Jeux (FDJ) has initiated the squeeze-out process for the remaining shareholders of Kindred Group, after solidifying its control of 98.6% of the group’s total shares. This marks a crucial step toward finalising the €2.45bn acquisition of Kindred, which FDJ secured earlier this month.

FDJ’s acquisition cleared its final regulatory and shareholder obstacle on 2 October when the company surpassed the critical 90% ownership threshold.

This level of control allowed FDJ to proceed with the formal acquisition process under Swedish corporate law.