The boards of both companies have approved the business merger of
The boards of both companies have approved the business merger of Allwyn with OPAP, through a transaction that combines all corporate holdings they control. The equity value of the resulting entity is estimated at $16 billion.
To implement the transaction, a formal agreement will be signed between the two companies. The merged company will be renamed Allwyn.
The deal marks a significant milestone in the evolution of both companies. It will unite two leading gaming operators, creating the second-largest publicly listed company in the global gaming and entertainment sector, with multiple diversified, rapidly growing, and leading market positions in Europe, the United States, and other international markets.
The Allwyn-OPAP Merger Creates a Leading Global Gaming Operator
The agreement builds on the already successful collaboration between OPAP and Allwyn, which began in 2013 when KKCG, the controlling shareholder of Allwyn, first invested in OPAP. Today, Allwyn holds 51.78% of OPAP.
Allwyn has a strong track record of both organic and inorganic growth through strategic and complementary acquisitions.
Benefits for OPAP Shareholders
According to the announcement, the transaction ensures the long-term value of OPAP in a rapidly evolving gaming industry.
Allwyn intends to pursue listings on other leading international
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