Țuca Zbârcea & Asociații assists Fortuna Entertainment Group N.V. in closing of Romanian transaction

Fortuna Entertainment Group N.V., through Fortuna Romania, became one of the fastest growing gambling operator in Romania having expanded significantly in the recent years its bet shops network and having entered also on the online gambling and offline slots markets.

Țuca Zbârcea & Asociații advised on various gambling regulatory aspects as well as on corporate, IP and insolvency laws matters relevant in the context of the client’s process to expand their operations in Romania through acquisitions of Bet Active Concept S.R.L., Bet Zone S.R.L., Public Slots S.R.L. and Slot Arena S.R.L.

Our team of lawyers has performed an in-depth legal due-diligence exercise and has assisted in the structuring of the transaction and, respectively, the drafting and negotiation of the transaction documents, as well as advising the client in connection with the closing procedures and the satisfaction of the commitments towards the financing banks.