COBALT advises Entain in the public takeover offer for Enlabs AB

On 7 January 2021 one of the world’s largest sports-betting and gaming groups Entain (former GVC Holdings) has submitted a public offer to the shareholders of the largest iGaming operator in the Baltics Enlabs AB (owner of prime brands such as Optibet and NinjaCasino) to acquire all shares of Enlabs AB for a consideration of SEK 40 in cash per share. The total value of the offer corresponds to approximately SEK 2.8 billion (equivalent to approximately EUR 276 million at the time of the announcement of the offer).

COBALT acts as local legal counsel to Entain on all Estonian, Latvian, Lithuanian and Belarussian law matters. The project team includes Partner Guntars Zīle and Senior Associate Elīna Ločmele from Latvia, Partner Martin Simovart and Specialist Counsel Jesse Kivisaari from Estonia, Senior Associate Renata Vasiliauskiene and Senior Associate Julija Aleška from Lithuania and Managing Associate Anastasia Bykowskaya from Belarus.