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

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


Some specific conditions around the merger in between the worldwide lotto operator and the Greek betting, video gaming and lotto group have actually been altered.


Initial regards to the merger arrangement saw KKCG Group safe and secure 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, revised terms have now seen the kinds of shares held by Alllwyn changed - rather of choice shares with improved ballot rights, it will now only receive common shares.


As a result, KKCG's voting interest in the Allwyn-OPAP combined entity will drop from 85% to 75.1% - the exact 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% despite the change in voting rights.


In the grand scheme of things, this modifications extremely bit as the Czech-based investment group remains the bulk stakeholder.


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


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


The choice was made at a Remarkable General Meeting (EGM), but has yet to be authorized by investors in both business. OPAP's board has currently approved the measure, with its EGM set up for 7 January 2026.


The move shows that the Allwyn-OPAP merger is well on the way to completion, regardless of any changes to particular terms. The deal will even more develop Allwyn as the world's second largest video gaming business by market cap, after Flutter Entertainment.


M&A has been the specifying feature of Allwyn's 2026 method, with the OPAP merger being announced just a month after it obtained US day-to-day dream sports (DFS) platform PrizePicks for $1.6 bn. PrizePicks would embark on a growth into prediction markets soon after.