A newly privatised Française des Jeux (FDJ) has moved to strengthen its retail services by sanctioning a buyout of French payment solutions provider Bimedia.
FDJ has agreed a deal with European private equity firm Idinvest Partners. The newly listed Paris Exchange gambling enterprise paid “less than €50 million” for a new asset, a software publisher founded in France in 2002 and specialising in point-of-sale collection and payment solutions.
Updating investors, FDJ governance states that its Bimedia transaction will significantly expand the firm’s retail network services, taking control of Bimedia’s 6,400 terminals which service 90 per cent of France’s tobacconists and newsagents.
FDJ added that the acquisition would accelerate the development of its Payment and Services division, in line with its 2025 strategic plan.
This November, FDJ completed a successful debut on the Paris Euronext Exchange, in which its first stage IPO secured an over-subscription of over €1 billion from public investors.Follow us on