Merkur Eyes Acquisition of a Majority Stake in Société Française de Casinos

On August 28, 2026, Merkur Spielbanken Beteiligungs GmbH, a branch of MERKUR.COM AG, signed a put option agreement to acquire a 95% stake in Casigrangi from GPG Groupe Philippe Ginestet and DOFA. Casigrangi owns 81.21% of Société Française de Casinos (SFC). The proposed transaction sets an effective share price of EUR 6.19 for SFC, signaling a significant premium over recent market averages.

Following the acquisition, Merkur intends to file a simplified tender offer for remaining SFC shares. If completed, the deal is expected to conclude in early 2027, subject to regulatory approvals including from the French Ministry of Interior.

SFC is projected to achieve substantial financial outcomes for the 2025-2026 fiscal year. Key targets include Gross Gaming Revenue of €22.5 million and an EBITDA of €3.5 million. These forecasts come with inherent risks and uncertainties as noted by SFC management.