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Transfer of OPAP’s Minority Stake in the Betano Business

January 1, 2023 | Financial

Lucerne Switzerland (December 27, 2022) — Allwyn AG (“Allwyn”), further to its announcement dated 20 April 2022, announces that OPAP Investment Limited (“OPAP Investment”, a wholly owned subsidiary of OPAP S.A.) transferred today its 36.75% minority interest in the business activities of Kaizen Gaming Limited outside Greece and Cyprus (the “Betano Business”) to Allwyn Investments Cyprus Limited, a fully owned indirect subsidiary of Allwyn International a.s., for an aggregate consideration of €74,243,013 (including adjusted net cash).

Additionally, as previously announced, OPAP Investment will receive earnout payments based on Betano Business’ performance.

OPAP retains its 84.49 % combined stake and sole control over Stoiximan Limited and its online gaming business in Greece and Cyprus under the brand “Stoiximan”.

SOURCE: Allwyn AGAllwyn AG.

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