Allwyn withdraws its proposed Novibet acquisition after HCC feedback
Allwyn International and Logflex MT Holding, Novibet’s owner, jointly withdrew their proposed acquisition from review after feedback from Greece’s Hellenic Competition Commission, Allwyn said. The companies no longer expect the transaction to proceed; Novibet said the decision was joint and aimed at protecting shareholder and investor value.
The withdrawal ends the current review of a proposed acquisition involving a major Greek online betting market participant.