Allwyn completes merger with Opap

Allwyn - a multinational lottery operator listed on the Athens Stock Exchange - has completed the merger between Allwyn International and Opap, creating the world's second-largest listed lottery and gaming operator. This was announced by Allwyn itself, which is also a 32.5 per cent shareholder in LottoItalia, concessionaire of the Lotto game since 2016. The deal, reads a note, builds on a long-standing partnership dating back to 2013, when the Kkcg Group first invested in Opap. The resulting merged company is a leading and diversified platform in the gaming-related entertainment sector.

After the announcement in October 2025, the transaction was approved in January by Opap shareholders whose 93% of the share capital remained invested in the combined company after the limited exercise of shareholders' exit rights. Once Allwyn completes the purchase of securities from shareholders who exercised their cash exit rights, which is scheduled for April, the company will have 770,799,070 shares outstanding, excluding treasury shares. Of these, 166,406,223 shares will constitute the free float (or 22%), while the remaining shares will continue to be held indirectly by the investment company Kkcg. It remains Allwyn's intention to pursue a further listing on other major stock exchanges such as London or New York.

The company confirms its intention to distribute EUR 0.80 per share to shareholders, following the completion of share purchases related to the cash exit right. A scrip option will be available, further details of which will be published in due course. The company plans to move its registered office from Luxembourg to Switzerland by the end of the second quarter of 2026.