Homburger advises OPAP on its business combination with Allwyn

On October 13, 2025, Allwyn International AG and OPAP S.A. announced that their respective boards of directors have approved the business combination of Allwyn and OPAP through an all-share transaction that values the resulting entity at an equity value of EUR 16 bn. The Combined Company will be renamed Allwyn. It will remain listed on the Main Market of the Athens Stock Exchange and intends to pursue an additional listing on another leading international exchange such as London or in New York following closing.

The transaction will bring together two leading gaming operators, creating the second largest listed gaming entertainment company globally, with multiple diverse, fast-growing and market-leading positions across Europe, the United States and other international markets.

The Homburger team includes Anna Peter, Flavio Romerio and Bianca Nedwed (all Corporate / M&A).