CASIGRANGI signed a memorandum of understanding to acquire 42.32% stake in Société Française de Casinos Société Anonyme (ENXTPA:SFCA) from Verneuil Finance Société anonyme (ENXTPA:VRNL), Foch Investissements SNC and others for €3.7 million on July 23, 2020. The shares will be acquired at €1.7 per share. CASIGRANGI aims to raise its stake in Société Française de Casinos Société Anonyme to atleast 50.1%, post which it will file a simplified takeover offer to acquire the remaining shares at €1.7 per share.

The final completion of these acquisitions remains subject to the lifting of conditions precedent including obtaining the authorization of the Minister of the Interior in accordance with the provisions of Article L.323-3 of the Internal Security Code, the other conditions suspensive being usual. As of November 4, 2020, the transaction was approved by Ministry of the Interior.

CASIGRANGI completed the acquisition of 42.32% stake in Société Française de Casinos Société Anonyme (ENXTPA:SFCA) from Verneuil Finance Société anonyme (ENXTPA:VRNL), Foch Investissements SNC and others on December 21, 2020.