Tag Archives: BNP Paribas

En Marche maintains FDJ sale agenda but strategy remains unclear

Addressing an audience of French business stakeholders, Bruno Le Maire – France’s Finance Minister – maintained the En Marche government’s schedule of selling state-owned lottery and betting operator Française des Jeux (FDJ) in 2019. Le Marie hinted at an event hosted by MEDEF, France’s enterprise association, that an FDJ sale could be completed by November of this year as En Marche …

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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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France Pari nets BNP Paribas venture support for Sportnco B2B ambitions

French sports betting technology incumbent France Pari has boosted is capital structure, confirming that multi-national investment bank BNP Paribas has acquired a minority shareholding in its business. Updating the market, France Pari governance confirms that BNP Paribas’ enterprise investment unit ‘BNP Paribas Developpment’ has undertaken a €2 million investment in the company, with proceeds used to enhance its B2B Sportnco …

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En Marche plans adieu for France FDJ

French news sources report that Emmanuel Macron’s En Marche government is planning to sell a 50% stake in national gambling operator Francaise des Jeux (FDJ). The sale forms part of Macron’s modernisation of French enterprise, where En Marche will seek to privatise a number of state-owned assets. For a number of years, French policymakers have mooted the sale of FDJ, …

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Shi Yuzhu led consortium eyes Caesars Interactive acquisition

Bloomberg Technology has reported that a Chinese consortium led by tech billionaire Shi Yuzhu (Founder of Giant Interactive Group) is in talks to acquire Caesars Interactive from Caesars Entertainment Corp (CEC). The Yuzhu-led group has entered negotiations with CEC governance following an auction process with CEC targeting a $4 billion valuation for its asset. Undisclosed deal insiders have stated that …

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Betway serves up Davis & Fed Cup sponsorships

Betway has extended its marketing coverage within the sport of tennis by announcing that it has agreed terms with the International Tennis Federation (ITF) to become an sponsor partner for both Davis Cup and Fed Cup BNP Paribas tournaments. The terms will see Betway promoted as a main sponsor for the tournaments until 2018. The Betway brand was unveiled as …

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