DTB is Advising United Group in the Acquisition of the Telecom Operator Tele2 Croatia

DTB is Advising United Group in the Acquisition of the Telecom Operator Tele2 Croatia

On Friday, 31 May 2019, Tele2 AB Sweden agreed to sell its Croatian business to United Group for an enterprise value of EUR 220 million. The Croatian business is one out of the three telecom providers in Croatia with 897,000 subscribers. The transaction requires approval from the relevant regulatory bodies, including the Croatian Competition Agency and closing is expected before the end of 2019. United Group is a leading connectivity and media provider in South East Europe. It has the broadest network coverage in the region with 3.82 million subscribers and offers both local and international content. United Group has operations in six countries and employs around 4,400 employees. The transaction is considered to be one of the largest, if not the largest, M&A deal in Croatia this year.

Divjak Topic Bahtijarevic, alongside Kirkland & Ellis team, assisted United Group in all aspects of the transaction including M&A, regulatory and antitrust. The team was led by senior partner Damir Topic (M&A), partner Mario Krka (antitrust and regulatory) and Ana Tudoric Mejovsek, Lea Muzic, Olena Manuilenko, Jasna Belcic, Zrinka Mustafa Prelic, Ana Sporcic, Emil Cetina and Antonia Mihaljevic. Tele 2 Sweden was advised by Schoenherr team led by partner Alexander Popp.

On Friday, 31 May 2019, Tele2 AB Sweden agreed to sell its Croatian business to United Group for an enterprise value of EUR 220 million. The Croatian business is one out of the three telecom providers in Croatia with 897,000 subscribers. The transaction requires approval from the relevant regulatory bodies, including the Croatian Competition Agency and closing is expected before the end of 2019. United Group is a leading connectivity and media provider in South East Europe. It has the broadest network coverage in the region with 3.82 million subscribers and offers both local and international content. United Group has operations in six countries and employs around 4,400 employees. The transaction is considered to be one of the largest, if not the largest, M&A deal in Croatia this year.

Divjak Topic Bahtijarevic, alongside Kirkland & Ellis team, assisted United Group in all aspects of the transaction including M&A, regulatory and antitrust. The team was led by senior partner Damir Topic (M&A), partner Mario Krka (antitrust and regulatory) and Ana Tudoric Mejovsek, Lea Muzic, Olena Manuilenko, Jasna Belcic, Zrinka Mustafa Prelic, Ana Sporcic, Emil Cetina and Antonia Mihaljevic. Tele 2 Sweden was advised by Schoenherr team led by partner Alexander Popp.