Sale Of A State Lottery Operator Brings Large Funds To The Budget Of France

Game regulator agence des participations de l ‘État (ape) confirmed that the initial public placement of shares of a large lottery operator la française des jeux (fdj) attracted about €one.89 billion to the state treasury.

The final amount received from the sale of shares has become known only after the are fulfilled the task of redistribution. As a result, it was additionally declared about 11,350,028 shares for a total amount €225.9 million.

This means that 99,320,000 shares of the company were sold via an ipo, which is 52% of the issued share capital of fdj, for €one.89 billion. Also private investors and members of the retail network fdj acquired 40,172,148 emission securities, which brought €712 million. At the same time, 44,621,497 shares in the amount of €888 million were sold to institutional investors. Fdj employees bought 3,176,327 shares, bringing more €62 million.

Before performing redistribution, the frhench state redued to 27.85% of its initial fraction of fdj shares, which was initially 72%. At the moment, the share falls to the indicator of 21.91% and can decrease about 20% in case all individual investors will keep their shares for 18 months. At the expiration of this period, depositors will receive one additional share for every 10 acquired shares. Fdj promotions recently fell by 4.37%, that is, before €23.14 per share.

Recall, in ireland adopted to revise the amendments relating to the bingo law.