Dorda has advised the Sazka Group, a Czech based lottery and gaming group, on the acquisition of shares of Casinos Austria held by Leipnik-Lundenburg Invest Beteiligungs AG and UNIQA Beteiligungs-Holding GmbH.
Following clearance by the relevant national and international regulatory authorities, the transaction was unanimously approved by Casinos Austria AG shareholders.
As a result of the deal, Sazka Group, owned by international investment groups KKCG and EMMA Capital, has increased its indirect stake in Casinos Austria from 11.3% to approximately 34%. The sum of the annual wagers at the companies in which the Sazka Group participates amounts to more than EUR 15 billion.
The Dorda team was led by Partner Jurgen Kittel and consisted of Partners Tibor Varga, Heinrich Kuhnert, and Bernhard Muller, and Associates Christoph Hilkesberger and Lukas Herrmann.
Dorda did not reply to an inquiry about counsel for the sellers.