Allwyn increases stake in OPAP to 48.1%
17 Feb 2022
Allwyn Entertainment, the group-wide brand for SAZKA Entertainment has announced that it has reached an agreement with Yeonama Holdings Co to purchase the remaining minority interest in SAZKA Delta AIF Variable Investments an entity through which Allwyn holds part of its interest in OPAP S.A, for consideration of €327.4 million.
As a result, Allwyn’s economic interest in OPAP will increase from 41.2% to 48.1%. Taking into account the net debt and working capital of SAZKA Delta, the transaction implies a premium of more than 10% on OPAP’s current market share price. The purchase price will be financed with cash from the balance sheet, including cash raised by the recent €600 million bond issuance.