14 Oct 2025

"Allwyn Merges with Opap in €16 Billion All-Share Transaction"

"Lenz & Staehelin advised Allwyn, a multi-national lottery operator, on its business combination with Greek gaming firm Opap through an all-share transaction valued at EUR 16 billion. The newly formed entity will retain the name Allwyn and will be listed on the Athens Stock Exchange. The advisory team was led by Tino Gaberthüel, along with colleagues Lukas Held, Yves Loher, and Patrick Schleiffer."

Lenz & Staehelin advised multi-national lottery operator Allwyn in its business combination with Greek gaming firm Opap, resulting in an all-share transaction valued at EUR 16 billion. The newly formed entity will retain the name Allwyn and will continue to be listed on the Main Market of the Athens Stock Exchange following the completion of the deal. The Lenz & Staehelin team was led by Tino Gaberthüel, with support from Lukas Held, Yves Loher, and Patrick Schleiffer, all of whom specialize in M&A and capital markets.
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