French lottery operator stock price surges after $2.1 billion IPO
Includes video report
Francaise des Jeux (FDJ) SAEM shares soared as much as 20% after the French lottery operator raised about 1.89 billion euros (US$2.1 billion) in the country's largest initial public offering since the 2005 sale of power producer Electricite de France SA.
The government sold 52% of the company at the top of the marketed price range for institutional investors. Finance Minister Bruno Le Maire hailed a spectacular success that boosts the appeal of Paris as a financial ce ...
Nov 24, 2019, 8:21 am - Lottery News forum
France sells its lottery for $2 billion
France will bank 1.8 billion euros (US$2 billion) from selling down its stake in the country's lottery operator, according to the final price set on Wednesday in a listing that will serve as a test for France's privatization push.
President Emmanuel Macron's pro-business government kicked off the biggest wave of privatizations in over a decade with the initial public offering (IPO) of Francaise des Jeux (FDJ), the organization that operates the country's lottery. It is seeking to raise money ...
Nov 22, 2019, 9:19 am - Lottery News forum
French lottery 'winner' went on huge spending spree only to realize she had wrong number
A Frenchwoman who went on a huge spending spree after winning the Euro Millions lottery was ordered to pay the huge tab back after belatedly discovering that she had got the wrong the number.
The 46-year-old, whose identity was not disclosed in the French media, believed she had won a massive jackpot. Within hours, and over the course of three weeks in February and March 2014, she issued a series of checks spending on perfumes, jewellery, clothes and ornaments to celebrate her good fortune.
Mar 9, 2016, 8:14 pm - Lottery News forum
'Miracle' lottery win to let man visit gravely ill nephew, 7
Conrad Selle's sister in France called Sunday with bad news: If he wants to see his 7-year-old nephew, who is losing a hard-fought battle with leukemia, he should come now.
It was weighing on my heart, said the computer systems analyst who still is recovering from being out of work until March. I had no way to pay for it.
Then, that night, he won $10,000 in the lottery.
Thanks to what he said must be a providential thing, Selle and his son, Lucas, 15, will leave Monday for Paris. Beyo ...
Oct 14, 2013, 4:41 pm - Lottery News forum
Update: French arrests of BWIN Executives
Arrests called 'scandalous' by company; French lottery monopolists may be behind the moves
Friday's surprise arrests in France of two senior BWIN executives introducing a company sponsorship to the AS Monaco football club elicited an immediate expression of outrage from the Austrian public company.
French lottery officials admitted the detentions were inspired by similar US Department of Justice attacks against international businessmen visiting the United States recently.
BWIN joint ma ...
Sep 16, 2006, 1:42 pm - Lottery News forum
Now France targets gaming firms
Shares in the leading betting companies fell heavily after the French authorities arrested the two chief executives of an Austrian gambling firm, signalling the start of a major French crackdown on online betting. Manfred Bodner and Norbert Teufelberger, the heads of Bwin, were arrested as they unveiled a shirt sponsorship deal for Monaco football club.
advertisementAn officer in the French intelligence service said the authorities had been investigating the company since last year, but said ...
Sep 16, 2006, 12:42 pm - Lottery News forum
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