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

sblsherita6292 edited this page 2026-04-29 10:31:21 +08:00

Allwyn will not gain as many voting rights in OPAP following the upcoming merger of the 2 business as originally prepared.

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

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

However, modified terms have now seen the kinds of shares held by Alllwyn changed - instead of choice shares with enhanced voting rights, it will now only receive regular shares.

As an outcome, KKCG's ballot interest in the Allwyn-OPAP combined entity will drop from 85% to 75.1% - the very same as the number of shares it will keep in the joint business. In addition, Allwyn's percentage of shares will remain at 78.5% regardless of the change in voting rights.

In the grand plan of things, this modifications really little as the Czech-based investment group remains the majority stakeholder.

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

In a declaration on the matter, Allwyn asserted that 'the elimination of the contemplated issuance of choice shares highlights the dedication of Allwyn and OPAP to continuing the long-lasting partnership with existing investors'.

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

The move reveals that the Allwyn-OPAP merger is well en route to completion, no matter any modifications to specific terms. The offer will even more develop Allwyn as the world's second biggest video gaming business by market cap, after Flutter Entertainment.

M&A has actually been the defining function of Allwyn's 2026 strategy, with the OPAP merger being revealed just a month after it obtained US daily fantasy sports (DFS) platform PrizePicks for $1.6 bn. PrizePicks would start a growth into prediction markets quickly after.