Allwyn AG is a leading, diversified gaming entertainment platform which benefits from leading market positions across multiple geographies and products, advanced technology and digital capabilities, and a resilient financial profile. This platform positions Allwyn to deliver continued strong organic growth, pursue further strategic opportunities, and generate attractive shareholder returns.
Following completion of the transaction, Allwyn AG remains listed on the Main Market of the Athens Stock Exchange and is expected to be among the largest companies by market capitalisation. The transaction was strongly supported by OPAP shareholders, with more than 93% remaining invested in the combined company, underscoring confidence in its long-term strategy and growth potential.
Clifford Chance acted as counsel to Allwyn working in close cooperation with Milbank LLP on the multi-jurisdictional legal workstreams relating to Allwyn’s financing arrangements, bringing together teams across Central and Western Europe and the United States.
The mandate covered the structuring and implementation of the all-share transaction in the financing arrangements of the Allwyn Group, as well as corporate and governance arrangements and engagement with relevant parties and stakeholders. The project required close coordination across Austria, Czech Republic, Cyprus, Greece, Luxembourg, Slovakia, Switzerland, the United Kingdom and the United States, drawing on the firm’s experience in complex cross-border reorganisations in the gaming and consumer sectors.
Kenneth Morton commented: “This combination with OPAP is a major strategic milestone for Allwyn that creates the second-largest listed lottery and gaming operator globally. The Clifford Chance team worked as a true partner to us, providing clear and commercial advice throughout a demanding and highly technical process.”
Miloš Felgr added: “We were pleased to support Allwyn on this important milestone as it enters a new phase as a publicly listed global leader. The transaction reflects the strength of its business, long-term strategy and growth ambitions.”
Clifford Chance Prague’s core team was led by Managing Partner Miloš Felgr with strong support by Counsel Dominik Vojta, Senior Associate Vladimír Rýlich, Associate Tomáš Kubala and Junior Lawyers Radek Sikora and Barbora Fiřtíková.