Allwyn – OPAP merger: A global giant worth 16 billion euros is being created

Allwyn International AG and OPAP S.A. announced that their Boards of Directors person approved the concern operation of the two groups, done a transaction that includes the operation of each firm participations they hold, with the value of the equity of the caller entity estimated astatine 16 cardinal euros.

To instrumentality the transaction, a applicable statement will beryllium signed betwixt the two companies, while the caller institution will beryllium renamed Allwyn.

According to a associated statement by Allwyn and OPAP, the transaction represents a important milestone successful the improvement of some companies. It will unite two starring gaming operators, creating the 2nd largest publically traded gaming and amusement institution successful the world, with galore diversified, fast-growing and starring marketplace positions successful Europe, the United States and different planetary markets. The transaction builds connected the already successful practice betwixt OPAP and Allwyn, which began successful 2013, when KKCG, the controlling shareholder of Allwyn, archetypal invested successful OPAP. Today, Allwyn owns 51.78% of OPAP.

The transaction ensures the semipermanent value of OPAP successful a rapidly evolving situation for the gaming industry. In addition, it allows OPAP shareholders to payment from the advantages of the combined company, which see growth, scale, diversification, entree to starring technologies, digitalization and accrued planetary designation of the Allwyn brand. At the aforesaid time, they will proceed to payment from important and resilient returns.