UOKiK decision on Entain Holdings (CEE) Ltd. acquisition of STS Holding S.A.MEDIUM
The Office of Competition and Consumer Protection (UOKiK) examined the concentration resulting from Entain Holdings (CEE) Ltd. acquiring control over STS Holding S.A. The case was filed on 14 June 2023 (sygnatura DKK-2.421.40.2023.AI) and concluded with a decision (DKK-147/2023) on 11 July 2023, confirming the legality of the transaction valued at approximately £750 million.
Zgłaszający należy do grupy kapitałowej ostatecznie kontrolowanej przez Entain plc... Przejęcie przez Entain Holdings (CEE) Ltd. z siedzibą w Ta’ Xbiex, Malta kontroli nad STS Holding S.A. ... DATA WPŁYWU WNIOSKU: 14.06.2023 r. SYGNATURA SPRAWY: DKK-2.421.40.2023.AI ... STAN SPRAWY:Sprawa zakończona decyzja DKK-147/2023 z dn. 11/07/2023
TRANSACTIONAL(2)
Entain CEE announces £750 m acquisition of STS Holding S.A.LOW
Entain Holdings (CEE) Ltd. launched a tender offer to acquire 100 % of STS Holding S.A. for an equity consideration of approximately £750 million. The deal is part of Entain's strategy to expand across Central and Eastern Europe and is expected to be earnings‑accretive in the first full year of ownership. The announcement was made on 13 June 2023.
Entain Holdings (CEE) Ltd. ... is launching a tender offer ... to acquire 100% of STS Holding S.A. ... for a total consideration of approximately £750m ... "Expansion across Central and Eastern Europe remains a core component of our growth plans, and STS will be an integral part of our platform in that region."
Entain CEE acquisition of STS supported by legal and tax advisersLOW
The acquisition of STS Holding S.A. by Entain Holdings (CEE) Ltd. was advised by Oakvale Capital LLP and White & Case LLP as financial and legal advisers, with tax and structuring advice from Young LLP. The transaction was announced on 13 June 2023 and includes a tender offer priced at PLN 24.80 per share, valuing STS at roughly £750 million.
Oakvale Capital LLP and White & Case LLP are acting as sole financial and legal advisers to STS and the Juroszek Foundations as part of the transaction. ... Entain Holdings (CEE) Ltd. ... is launching a tender offer ... to acquire 100% of STS Holding S.A. ... The Offer will be priced at PLN 24.80 per share, valuing the equity value of STS at approximately £750m.
Extracted Facts (4)
Entain Holdings (CEE) Ltd. acquired control over STS Holding S.A. The transaction was valued at approximately £750 million.100%
REPUTATIONAL
Cost: $0.003600
Entain Holdings (CEE) Ltd launched a tender offer to acquire 100 % of STS Holding S.A. for an equity consideration of approximately £750 million. The announcement was made on 13 June 2023.100%
TRANSACTIONAL
Cost: $0.001434
The acquisition is part of Entain's strategy to expand across Central and Eastern Europe and is expected to be earnings‑accretive in the first full year of ownership. The transaction was announced on 13 June 2023.100%
TRANSACTIONAL
Cost: $0.001434
Oakvale Capital LLP and White & Case LLP acted as financial and legal advisers for the acquisition of STS Holding S.A. by Entain Holdings (CEE) Ltd. Young LLP provided tax and structuring advice for the transaction.100%