January 8, 2021
In France and the Casigrangi subsidiary of local conglomerate Groupe Philippe Ginestet has reportedly completed its purchase of a 75.07% stake in local casino operator Societe Francaise de Casinos (SFC).
According to a Thursday report from G3Newswire, the deal was approved by the French Ministry of the Interior in November after the Paris Commercial Court dismissed an appeal from Belgian rival Ardent Group. The source furthermore detailed that the arrangement has subsequently seen Casigrangi take over the shareholding in SFC previously controlled by private investors Frameliris, Foch Investissements and Verneuil Finance in hopes of being able to help the operator further accelerate its development across France.