Jankovic Popovic Mitic has advised Adp Gauselmann GmbH, a member of the Gauselmann Group, on the sale of 49% of shares in its Serbian subsidiary, Merkur Gaming Slots d.o.o., to Aleksandar Jojic. BDK Advokati advised Jojic, a minority shareholder of Balkan Bet, on the acquisition.
The deal closed on September 10, 2018 following the approval of the Serbian Competition Commission. According to BDK Advokati, this acquisition is a final step in the global transaction between Jojic and Adp Gauselmann GmbH in which Merkur Gamig Slots also acquired 51% of the share capital of Balkan Bet from Jojic .
The Gauselmann Group has more than 250 entertainment centers in eight European countries operating under the Casino Merkur-Spielothek brand.
Merkur Gaming Slots offers land-based gaming products like games, slot cabinets, and progressive jackpots systems. Balkan Bet is a bet-shop in Serbia.
JPM also advised the three parties on merger approval aspects of the transactions.
The JPM team consisted of Partners Jelena Stankovic and Nikola Poznanovic and Senior Associates Anja Sakan and Bojana Javoric.
BDK Advokati’s team was led by Senior Partner Vladimir Dasic, assisted by Associate Jelena Zelenbaba.