Allwyn and Greece’s OPAP Merge to Create World’s Second-Largest Gaming Company

The merger is acceptable to make the second-largest publically listed gaming institution successful the world. Credit: AMNA

Global gaming elephantine Allwyn International AG has selected Greece arsenic the office for its recently merged planetary operations with section gaming institution OPAP, the 2 firms jointly announced connected Monday.

The merger is acceptable to make the second-largest publically listed gaming institution successful the world, boasting an estimated equity worth of €16 billion. The recently consolidated entity volition beryllium renamed Allwyn and volition support its listing connected the Athens Stock Exchange, importantly boosting the exchange’s prestige and planetary credibility.

According to a associated announcement by OPAP and Allwyn International AG: “Allwyn International AG and OPAP are pleased to denote that their boards of directors person approved the concern operation of Allwyn and OPAP done a transaction that involves the consolidation of each their firm holdings, with the equity worth of the resulting entity estimated astatine 16 cardinal euros.”

To formalize the deal, the 2 companies volition motion a transaction implementation agreement, marking a important milestone successful the improvement of some businesses.

Minister Pierrakakis: A beardown ballot of assurance successful Greece

Greek Minister of National Economy and Finance, Kyriakos Pierrakakis, hailed the statement arsenic a large occurrence that reflects the increasing dynamism of the Greek economy.

He stated: “The merger of OPAP and Allwyn reflects the dynamism of the Greek economy.”

The Minister elaborated connected the value of the transaction: “The merger of OPAP with Allwyn constitutes an emblematic illustration of however Greek companies tin germinate into planetary champions done strategical partnerships, mergers and acquisitions that fortify their outward predisposition and dynamism.

“The statement sends a beardown connection of assurance successful Greece and the prospects of its economy. The caller consolidated company, 1 of the largest successful presumption of capitalization, volition stay listed connected the Athens Stock Exchange, further enhancing its prestige, credibility and planetary standing.”

This strategical consolidation is expected to fortify the planetary competitiveness of the combined entity portion underscoring Greece’s rising illustration arsenic an international fiscal and concern hub.