FT on OPAP-Allwyn Mega Deal

The mega-deal betwixt OPAP, a Greek institution progressive successful crippled betting and lottery, and amusement institution Allwyn creates a planetary gambling giant, arsenic the Financial Times (FT) reports.

“Czech billionaire Karel Komárek creates €16bn gambling giant,” the FT header reads, with the study explaining the woody creates the second-largest gambling institution listed successful the world.

The FT nonfiction underlines that the merger, announced connected Monday, comes aft Komárek’s KKCG had raised its stake successful OPAP to under 52% successful 2013.

Karel Komárek, president of Allwyn, said the merger would “redefine the sector,” with the combined strength and standard expected to accelerate innovation and thrust important planetary growth.

The unified institution will run under the Allwyn sanction and stay listed connected the Athens Stock Exchange, with an further listing planned connected different large exchange, such arsenic London oregon New York.

Jan Karas, CEO of OPAP, said the woody has created “a starring gaming institution with a strong Greek heritage, arsenic well arsenic continued beingness and listing successful Greece.”

Allwyn will clasp astir 78.5% of the combined group, while OPAP shareholders will clasp the remaining 21.5%. KKCG is expected to power 85% of total voting rights.

Source: tovima.com