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Sorainen is advising Betsson on the acquisition of gaming operator Lošimų strateginė grupė, trading as TonyBet in Lithuania. Betsson is acquiring Lošimų strateginė grupė through wholly owned subsidiaries and deal closing is expected to take place within a month. The initial acquisition consideration is EUR 4.0 million. TonyBet is the second largest licensed online operator […]
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SORAINEN advised BITĖ group, a major mobile operator in Lithuania and Latvia, on acquisition of a controlling shareholding in Spainetos prekybos sistema and its Latvian subsidiary, Spaineta Latvia. Spaineta operates a retail network distributing BITĖ services, smartphones and accessories, with over 200 staff in Lithuania and Latvia. BITĖ Group controls a leading mobile operator in […]
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SORAINEN together with Mannheimer Swartling advised Swedish based company Hilding Anders – the leading manufacturer of beds in Europe, Russia and Asia – on acquisition of the Lithuanian company Mingridas. Mingridas operates in Jonava, where mostly local materials are used for manufacturing beds and spare parts. The company employs a team of over 120 woodworkers, […]
