Amended Terms Reduce KKCG's Voting Interest In Allwyn-OPAP Merger
brodieahrens59 edited this page 1 day ago


Allwyn will not acquire as lots of ballot rights in OPAP following the forthcoming merger of the two business as originally planned.

Some specific terms and conditions around the merger in between the worldwide lottery game operator and the Greek wagering, video gaming and lotto group have been changed.

Initial regards to the merger agreement saw KKCG Group safe and secure 85% voting interest in the combined entity as an outcome of Allwyn's shares in OPAP being enlarged from 51.78% to 78.5%.

However, revised terms have actually now seen the types of shares held by Alllwyn changed - rather of preference show improved voting rights, it will now just receive normal shares.

As a result, KKCG's voting interest in the Allwyn-OPAP combined entity will drop from 85% to 75.1% - the like the variety of shares it will keep in the joint business. In addition, Allwyn's portion of shares will remain at 78.5% despite the modification in ballot rights.

In the grand plan of things, this modifications very bit as the Czech-based financial investment group remains the majority stakeholder.

Aside from voting rights, the merger in between Allwyn and OPAP is continuing as prepared, with the combined company still set to operate as an Athens Stock Exchange-listed organization and continue running in its existing suite of markets.

In a declaration on the matter, that 'the removal of the contemplated issuance of preference shares highlights the dedication of Allwyn and OPAP to continuing the long-term partnership with existing investors'.

The choice was made at an Amazing General Meeting (EGM), but has yet to be approved by investors in both companies. OPAP's board has currently authorized the procedure, with its EGM arranged for 7 January 2026.

The relocation shows that the Allwyn-OPAP merger is well en route to conclusion, regardless of any modifications to particular terms. The offer will further develop Allwyn as the world's second biggest video gaming company by market cap, after Flutter Entertainment.

M&A has been the specifying feature of Allwyn's 2026 strategy, with the OPAP merger being revealed simply a month after it acquired US everyday dream sports (DFS) platform PrizePicks for $1.6 bn. PrizePicks would start an expansion into forecast markets shortly after.