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Cobalt Advises Entain on Takeover Offer for Enlabs

Cobalt Advises Entain on Takeover Offer for Enlabs

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Cobalt has advised sports-betting and gaming group Entain on its public offer to acquire all of the shares in Enlabs AB.

According to Cobalt, the shares are valued at SEK 40 each. The total value of the offer amounts to approximately SEK 2.8 billion (approximately EUR 276 million).

Enlabs is a provider of i-gaming services, with offices in Tallinn, Riga, Vilnius, Malta, Marbella, Minsk, and Stockholm.

Cobalt’s team consisted of, in Latvia, Partner Guntars Zile and Senior Associate Elina Locmele; in Estonia, Partner Martin Simovart and Specialist Counsel Jesse Kivisaari; in Lithuania, Senior Associates Renata Vasiliauskiene and Julija Aleska; and in Belarus, Managing Associate Anastasia Bykowskaya.

Cobalt could not provide additional information about the deal.

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