OPAP completes acquisition of Stoiximan with buyout of remaining 15.51%

OPAP gaming company announced on Friday it had acquired the remaining 15.51% of Stoiximan for 191.6 million euros, plus attributable net cash on the closing date of the transaction, increasing its stake in the company to 100% (full acquisition).

The investment further strengthens OPAP's leading position in Greece and Cyprus, also boosting its strategic focus on the online sports betting market and iGaming.

OPAP had originally invested in Stoiximan - currently the leading company in the fast developing online market - in 2018, and gradually raised its stake in the company through two more transactions in 2020.
 

 
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