Merger & Acquisition News in Serbia

Acquisition of MaxBet, the #2 Sports Betting and Gaming Operator in Serbia

Flutter Entertainment plc, the global sports betting, gaming and entertainment provider, announced the acquisition of an initial 51% stake in MaxBet, Serbia’s #2 omni-channel sports betting and gaming operator for a cash consideration of €141m (£123m).

The Karanovic & Partners team, led by Senior Partner Miloš Vučković, Partners Ivan Nonković, Senior Associate Sava Drača and Junior Associate Ljubica Stojanović, working together with Arthur Cox, a leading Irish law firm, has advised Flutter Entertainment plc on this transaction. The competition team led by Partner Bojana Miljanović Hussey advised on merger clearances.


Partner and Senior Associate refer to Independent Attorney at Law in cooperation with Karanovic & Partners.

The information in this document does not constitute legal advice on any particular matter and is provided for general informational purposes only.