Global gaming giant Allwyn International AG has selected Greece as the headquarters for its newly merged international operations with local gaming company OPAP, the two firms jointly announced on Monday.
The merger is set to create the second-largest publicly listed gaming company in the world, boasting an estimated equity value of €16 billion (almost $18.5 million). The newly consolidated entity will be renamed Allwyn and maintain its listing on the Athens Stock Exchange, significantly boosting the exchange’s prestige and international credibility.
According to a joint announcement by OPAP and Allwyn International AG:
“Allwyn International AG and OPAP are pleased to announce that their boards of directors have approved the business combination of Allwyn and OPAP through a transaction that involves the consolidation of all their corporate holdings, with the equity value of the resulting entity estimated at 16 billion euros.”
To formalize the deal, the two companies will sign a transaction implementation agreement, marking a significant milestone in the evolution of both businesses.
Minister Pierrakakis: A strong vote of confidence in Greece for the merger of OPAP and Allwyn
Greek Minister of National Economy and Finance, Kyriakos Pierrakakis, hailed the agreement as a major success that reflects the growing dynamism of the Greek economy. He stated: “The merger of OPAP and Allwyn reflects the dynamism of the Greek economy.”
The Minister elaborated on the importance of the transaction:
“The merger of OPAP with Allwyn constitutes an emblematic example of how Greek companies can evolve into international champions through strategic partnerships, mergers and acquisitions that strengthen their outward orientation and dynamism.
The agreement sends a strong message of confidence in Greece and the prospects of its economy. The new consolidated company, one of the largest in terms of capitalization, will remain listed on the Athens Stock Exchange, further enhancing its prestige, credibility and international standing.”
This strategic consolidation is expected to strengthen the global competitiveness of the combined entity while underscoring Greece’s rising profile as an international financial and business hub.
See all the latest news from Greece and the world at Greekreporter.com. Contact our newsroom to report an update or send your story, photos and videos. Follow GR on Google News and subscribe here to our daily email!
