Fortuna Entertainment Group Acquires 70% of TOPsport in Lithuania
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The Czech Fortuna Entertainment Group has agreed to acquire 70% of the largest operator in the Lithuanian market, TOPsport
Currently, the deal is awaiting approval from the Lithuanian regulator.
TOPsport holds about 54% of the regulated Lithuanian market, combining an online platform with a network of over 50 retail locations. The company also collaborates with BC Žalgiris, is the title partner of the TOPLYGA football league, and interacts with the national football federation.
Fortuna Entertainment Group, in turn, is owned by the private investment fund Penta Investments and holds leading gambling operators in local markets, such as: Fortuna (Czech Republic, Slovakia, Poland), Casa Pariurilor (one of the largest brands in Romania with a strong offline presence), PSK (Croatia), Lob (the second-largest operator in the country).
The financial terms of the deal are not disclosed.
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