Motieka & Audzevicius has assisted listed company Lifland Gaming in its acquisition of 100% of shares in Baltic Bet – a betting services company in Lithuania.
According to M&A, "the transaction required deep insight into the gambling industry, including online gambling. We have prepared legal due diligence reports, coordinated financial and tax due diligence processes, and cooperated with financial brokers in order to swiftly implement the acquisition. The successful closing of the deal resulted in the buyer entering the Lithuanian online gambling market where, without any doubt, it will turn the tables and provide solid competition to current online gambling providers."
