Allwyn said its OPAP subsidiary agreed on 18 July to buy Stoiximan’s remaining 15.51% stake, giving it full ownership of the operator in Greece and Cyprus. The €191.6m cash-free, debt-free transaction is expected to complete in Q3 2025, subject to approval by Cypriot authorities.
The proposed transaction would give Allwyn full ownership of Stoiximan’s betting and gaming operations in Greece and Cyprus.
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Allwyn and Novibet parent Logflex MT Holding agreed to withdraw their planned acquisition after receiving feedback from Greece’s Hellenic Competition Commission, the companies said. The HCC warned that the deal would give Allwyn sole control of a close competitor and strengthen its position in the Greek market.
Allwyn International and Logflex MT Holding agreed to withdraw their proposed acquisition from review by Greece’s Hellenic Competition Commission, Allwyn said on 4 March. The planned majority-stake deal was valued at up to €327 million; the commission had raised concerns that it could increase Allwyn’s market share in online betting and gaming to more than 70%.
Allwyn and OPAP said their proposed merger remains on schedule after OPAP shareholders exercised cash exit rights over 6.7% of its outstanding shares. Holders of just under 24 million shares received €19.04 per share, for a payout of about €456 million that Allwyn will fund through existing bank facilities. Regulatory approvals and closing conditions remain outstanding, with OPAP’s planned cross-border conversion the next milestone.
Allwyn said OPAP and SAZKA will operate under the Allwyn brand as part of its international lottery business. The group said the unified branding is intended to support operational synergies while retaining local market identities; it also cited responsible gambling policies and long-term social investment as aims.
OPAP shareholders approved measures for the company’s re-domiciliation to Luxembourg and its business combination with Allwyn at an extraordinary general meeting on 7 January, according to a joint release. The cross-border conversion resolution received 80.3% of votes cast; completion remains subject to closing conditions, including an exit-rights threshold and regulatory approvals.