Allwyn and OPAP create world’s 2nd-largest listed gaming firm

Global concern elephantine Allwyn has chosen Greece for its adjacent large step, section gaming institution OPAP announced connected Monday.

Together, the two businesses will signifier the second-largest publically listed gaming institution successful the world, with a marketplace capitalization of 16 cardinal euros, listed connected the Athens Stock Exchange.

According to an announcement by OPAP: 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 value of the resulting entity estimated astatine 16 cardinal euros.

To instrumentality the transaction, the two companies will motion a corresponding transaction implementation agreement. The combined institution will beryllium renamed Allwyn. This transaction represents a important milestone successful the improvement of some companies.

“The merger of OPAP and Allwyn reflects the dynamism of the Greek economy,” Economy and Finance Minister Kyriakos Pierrakakis stated.

According to the minister, “the merger of OPAP with Allwyn constitutes an emblematic illustration of however Greek companies tin germinate into planetary champions done strategic partnerships, mergers and acquisitions that strengthen their outward predisposition and dynamism. The statement sends a strong connection of assurance successful Greece and the prospects of its economy. The caller consolidated company, 1 of the largest successful terms of capitalization, will stay listed connected the Athens Stock Exchange, further enhancing its prestige, credibility and planetary standing.”