The merger between Allwyn and OPAP has been completed, creating the second biggest publicly listed operator globally, worth €16 billion. Under the deal, Allwyn has increased its stake in OPAP from 51.78% to 78.5%, while the remaining OPAP shareholders will keep a 21.5% stake. The decision builds on a years-long relationship, as Allwyn’s parent company
The merger between Allwyn and OPAP has been completed, creating the second biggest publicly listed operator globally, worth €16 billion.
Under the deal, Allwyn has increased its stake in OPAP from 51.78% to 78.5%, while the remaining OPAP shareholders will keep a 21.5% stake. The decision builds on a years-long relationship, as Allwyn’s parent company KKCG has held a big stake in OPAP since 2013.
OPAP runs the Greek national lottery and has a wide portfolio of betting and gaming, and now, Allwyn will be listed on the Athens Stock Exchange, getting a strong foothold in the country.
Allwyn CEO Robert Chvátal commented:
“This is a major strategic milestone for Allwyn, and we start our journey as a publicly listed global leader with a strengthened platform, enhanced financial flexibility, and a world-class team. We are very confident that our leading market positions, high degree of diversification, and strong cash generation position us well to drive sustainable growth and continued value creation as we invest in innovation and future opportunities across our markets.”
Karel Komárek, founder and chair of KKCG and Allwyn, added:
“Today, Allwyn moves into a new chapter – one that builds on the momentum that already characterises our business. Over the past 13 years, we’ve shown the significant and sustainable value we create for shareholders, for society, and through the experiences we deliver to players.”
The move is part of Allwyn’s diversification strategy, which it began with the company’s rebrand in 2022.