Represented the client in obtaining the authorisation of the Competition Council on acquisition of entertainment business

Motieka & Audzevičius Corporate and M&A team represented DG21 with the Competition Council regarding the obtainment of the authorisation for the acquisition of companies operating largest arena in Vilnius – Siemens Arena, first international level arena in Lithuania’s capital, the largest arena in Panevėžys – Cido Arena, international level universal leisure and sports center, one of the leading ticket distribution and advertising services agencies Tiketa and related company Seven Live, which is responsible for organizing concerts and shows.

The target companies altogether are involved in organizing a significant number of prominent entertainment and other events in Lithuania.

The transaction was authorised with the competition clearance from Lithuanian Competition Council in accordance with the submitted notification without any additional conditions or obligations.

Our team has drafted the notification of the concentration, represented in discussions with the Competition Council and led the concentration to successful authorisation.

UAB DG21 is expected to expand its business portfolio with one of the leading entertainment group of companies in the near future once our M&A team leads it to the successful closing.