Transfer of OPAP’s minority stake in the Betano Business
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”.
This announcement may include forward-looking statements regarding certain of our plans and our current goals, intentions, beliefs and expectations concerning, among other things, our future results of operation, financial condition, liquidity, prospects, growth, strategies, pending acquisitions or other transactions (including regarding the completion of the announced acquisition of the Camelot Lottery Solutions Group), financing plans and the industries in which we operate. These forward-looking statements can be identified by the fact that they do not relate only to historical or current facts. Generally, but not always, words such as “may,” “could,” “should,” “will,” “expect,” “intend,” “estimate,” “anticipate,” “assume,” “believe,” “plan,” “seek,” “continue,” “target,” “goal,” “would” or their negative variations or similar expressions identify forward-looking statements. By their nature, forward-looking statements are inherently subject to risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity and the development of the industries in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this announcement. In addition, even if our results of operations, financial condition and liquidity and the development of the industries in which we operate are consistent with the forward-looking statements contained in this document, those past results or developments may not be indicative of results or developments in future periods. You should carefully consider the risks and uncertainties described in the “Risk Factors” section of the annual report published by Allwyn International a.s. and other documents we publish on our website. Most of these factors are outside our control and are difficult to predict.
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