OPAP shareholders approved the planned merger with Allwyn at an extraordinary general meeting on 7 January, according to the report. They also backed OPAP’s re-domiciliation to Luxembourg; the merger remains subject to closing conditions and regulatory approvals, and OPAP expects the cross-border conversion to take place within three months.
The vote advances the merger but outstanding conditions and regulatory approvals remain before completion.
The day’s most important stories, free. One email a day.
Allwyn began trading on the Athens Stock Exchange after completing its merger with OPAP, according to the report. The combined entity was valued at €16 billion; Allwyn said it is considering a further listing in London or New York.
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 and OPAP amended their proposed business-combination terms so Allwyn would receive ordinary shares in OPAP for contributing its assets and liabilities, rather than preference shares with enhanced voting rights. They said investor feedback prompted the change; Allwyn’s expected economic interest remains 78.5%, while KKCG’s voting interest would fall from 85.0% to 75.1%. OPAP shareholders are due to vote on the proposal on 7 January 2026.