Key points:
- 4.27% stake sold to J&T arch Investments
- Allwyn valued at €11.2bn ($12.2bn)
- KKCG retains 95.7% ownership of Allwyn
Investment group KKCG has sold a 4.27% stake in Allwyn International AG to listed fund J&T Aarch Investments.
The transaction, structured via KKCG subsidiary Allwyn AG, values the pan-European lottery operator at €11.2bn as of 31 December 2024 and generates €500m for KKCG.
Indeed, the €500m in proceeds are inclusive of consideration and locked box interest dating from 1 January 2025.
Allwyn generated €1.5bn in adjusted EBITDA in 2024 and continued expanding its international footprint. Last year, it added leading e-instants supplier Instant Win Gaming and revealed plans to acquire a controlling stake in online sports betting operator Novibet.
Note J&T Arch is one of the most liquid listed funds on the Prague Stock Exchange, with a net asset value of EUR5.6bn as of March 2025
J&T Arch's acquisition of Allwyn equity deepens long-standing ties between the fund and KKCG founder Karel Komárek, while diversifying its portfolio into regulated gaming.
Post-transaction, KKCG retains a 95.7% holding in Allwyn. The group remains committed to supporting Allwyn’s long-term expansion strategy across Europe and the Americas, where the company holds leading positions in national lotteries in Austria, the UK, the Czech Republic and the US state of Illinois.
https://www.gamblinginsider.com/news/30920/kkcg-sells-small-stake-in-allwyn-retaining-957-ownership-and-generating-500m