1 Amended Terms Reduce KKCG's Voting Interest In Allwyn-OPAP Merger

marielangel88 edited this page 2026-04-28 08:53:12 +08:00

Allwyn will not acquire as many voting rights in OPAP following the upcoming merger of the 2 companies as originally planned.

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

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

However, revised terms have actually now seen the kinds of shares held by Alllwyn altered - instead of choice shares with boosted ballot rights, it will now only receive ordinary shares.

As an outcome, KKCG's ballot interest in the Allwyn-OPAP combined entity will drop from 85% to 75.1% - the exact same as the variety of shares it will hold in the joint enterprise. In addition, Allwyn's portion of shares will stay at 78.5% regardless of the change in voting rights.

In the grand scheme of things, this changes very little as the Czech-based financial investment group stays the majority stakeholder.

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

In a statement on the matter, Allwyn asserted 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 financiers'.

The decision was made at an Amazing General Meeting (EGM), however has yet to be authorized by investors in both business. OPAP's board has already authorized the step, with its EGM arranged for 7 January 2026.

The relocation reveals that the Allwyn-OPAP merger is well on the way to conclusion, despite any changes to particular terms. The deal will even more establish Allwyn as the world's second biggest gaming company by market cap, after Flutter Entertainment.

M&A has been the specifying function of Allwyn's 2026 technique, with the OPAP merger being announced just a month after it got US daily dream sports (DFS) platform PrizePicks for $1.6 bn. PrizePicks would start a growth into prediction markets quickly after.