Continuing its run of capital markets deals in central and eastern Europe, Baker & McKenzie advised UniCredit SpA and Erste Group Bank AG as joint underwriters on Czech betting company Fortuna Entertainment Group NV’s novel public offering.
The transaction, which raised €78.3 million ($109m) and closed in late October, was the first Czech IPO in almost 18 months and the first ever dual-listing on the Prague and Warsaw exchanges. The offering came a month after Baker advised Polish telecom company Polkomtel S.A. on its debut €1 billion ($1.36bn) Euro Medium Term Note program, which was also arranged by UniCredit.
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