Allwyn AG began trading on the Athens Stock Exchange on Tuesday following the merger between Allwyn International and OPAP.
Completion of the merger transaction creates the second largest publicly listed lottery and gaming company in the world with a market cap of €5.05 billion as of the close of business on Tuesday.
Trading under the ticker symbol ALWN (formerly OPAP), shares in Allwyn AG closed 2.76 per cent lower at €14.08 per share in Athens Tuesday.
Approximately 166.4 million shares, equivalent to 22 per cent of all outstanding shares in Allwyn AG, represent the free float, with the remaining shares held by the investment firm KKCG.
“Today, Allwyn moves into a new chapter – one that builds on the momentum that already characterises our business,” said KKCG and Allwyn founder Karel Komarek. “Over the past 13 years, we’ve shown the significant and sustainable value we create for shareholders, for society, and through the experiences we deliver to players. That progress has been grounded in partnership, trust, and a genuine commitment to innovation.
“Allwyn has exceptional potential in the rapidly evolving world of consumer entertainment, and we have the strategic clarity, scale, capabilities and ambition to define the future of the industry.”
With the OPAP transaction now complete, Allwyn plans to redomicile its corporate headquarters from Luxembourg to Switzerland during the second quarter of this year and is also investigating a secondary listing of the company’s shares on an international exchange such as London or New York.
“This is a major strategic milestone for Allwyn, and we start our journey as a publicly listed global leader with a strengthened platform, enhanced financial flexibility and a world-class team,” said Allwyn chief executive Robert Chvatal. “We are very confident that our leading market positions, high degree of diversification, and strong cash generation position us well to drive sustainable growth and continued value creation as we invest in innovation and future opportunities across our markets.
“I would like to thank our shareholders, employees and regulators for their support as we bring together two best‑in‑class organisations to create the second‑largest listed lottery and gaming operator globally.”
The company also confirmed on Tuesday that it intends to distribute €0.80 per share to shareholders, which will follow completion of the share purchases related to the cash exit right. A scrip option will be available, with further details to be published in due course.