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04

07
2018

FORT assists in sale of a majority stake of 11.lv, a gaming operator licenced in Latvia, to MRG, a gaming operator listed in the Stockholm Stock Exchange

On 04, 07 2018 | No Comments | In Uncategorized | By Sandis Bertaitis

FORT advised a shareholder of 11.lv, the third leading online gaming operator in Latvia, in a transaction for sale of shares, where 75% of the shares were acquired by MRG, a gaming operator listed in the Stockholm Stock Exchange (Mr. Green).

Gaming operator 11.lv was incorporated in 2012. 11.lv has a licence for operating sweepstakes and betting issued by the Lotteries and Gaming Supervisory Inspection of Latvia, which guarantees a safe gaming environment compliant with all provisions of the law.

Per Norman, Chief Executive Officer of MRG, noted that 11.lv has a strong recognisability in Latvia and it will serve as foundation for recognisability of the company on pan-Baltic level either.

Ramona Miglāne, Attorney-at-Law, Associate Partner of FORT, and Edgars Turlajs, Senior Lawyer, successfully represented company 11.lv in this transaction.