AMC Theatres (AMC Entertainment Holdings) (‘AMC’) has entered into a definitive agreement to acquire the largest theatre exhibitor in seven countries in the affluent northern region of Europe, Nordic Cinema Group Holding (‘Nordic’). Nordic operates 68 theatres and has a substantial minority interest (approximately a 50% ownership) in another 50 associated theatres to which Nordic […]
Wihuri, a Finnish company operating in technical trading, sold its Estonian, Latvian and Lithuanian subsidiaries to Avesco. The transaction was complicated due to the fact that it involved resolving a series of technical pre-closing arrangements and simultaneous closing in three jurisdictions. The Sorainen pan-Baltic team led by partner Pekka Puolakka also included, among others, senior […]
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 […]
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 […]
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, […]