News
KALO & ASSOCIATES, Divjak, Topic & Bahtijarevic and BDK Advokati are Winners at the 2019 CEE Legal Matters Deal of the Year Awards
It is with great pleasure for SEE Legal Group to announce that KALO & ASSOCIATES (Albania), Divjak, Topic & Bahtijarevic (Croatia) and BDK Advokati (Serbia) are the winners in three of the categories.
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.
BC Partners Pens Contract To Buy United Group From KKR
BC Partners, a leading international investment firm, signed an agreement to acquire a majority stake in United Group B.V. from KKR which is to remain a minority stakeholder. This is an important event on the South-East European market given that United Group provides broadcasting and distribution services to more than 1.8 billion customers in the region and employs over 3400 people. In its official statement, BC Partners expressed excitement about the transaction and commitment to further invest in United Group’s growth. The closing of the deal is subject to standard regulatory approvals.
BDK…
