21 Sep JPM advised Gauselmann Group on a sale transaction in Serbia
JPM recently advised Gauselmann Group, the prominent leader in the German market of organizing games of chance, on a sale transaction in Serbia. Adp Gauselmann GmbH (a member of the Gauselmann Group) sold 49% of shares in its subsidiary in Serbia, Merkur Gaming Slots, to Mr. Aleksandar Jojić.
With more than 250 entertainment centers – located in 8 European countries and operating under the Casino Merkur-Spielothek brand, Gauselmann Group is a family enterprise with international presence in entertainment/games of chance businesses, in addition to its other lines of business.
This transaction was yet another transaction agreed between Mr. Jojić and Gauselmann Group, since they have established joint control over Balkan Bet companies through acquisition transactions from last year led by JPM, with the transactions occurring between Mr. Jojić and Merkur Casino GmbH as another member of the Gauselmann Group.
JPM also advised the three parties in the transactions concerning merger approval, resulting from the sale of 49% shares in Merkur Gaming Slots and the Commission for Protection of Competition unconditionally approved the merger.
Partners Jelena Stanković and Nikola Poznanović and senior associates Anja Šakan and Bojana Javorić led the JPM team in advising on the M&A, while partner Nikola Poznanović advised Gauselmann Group regarding the merger approval before the Commission for Protection of Competition.