Koutalidis Law Firm acted as Greek legal advisor to Cohn Robbins Holdings Corp. (NYSE: CRHC), a blank check company, in connection with the public listing on the NYSE of Allwyn Entertainment (the new group-wide brand of SAZKA Entertainment AG), a leading multinational lottery operator and majority shareholder of OPAP.
The listing will result in an expected total enterprise value for Allwyn of approximately $9.3 billion while current Allwyn equity holders are expected to retain around 83% ownership in Allwyn. An innovative feature of the transaction provides CRHC shareholders the opportunity to establish ownership stakes at a maximum enterprise value of roughly $8.7 billion.
CRHC holds approximately $828 million of cash in trust. Concurrent with the consummation of the transaction, investors have committed to purchase more than $350 million of securities of the combined company.
Our firm supported CRHC in coordination with Skadden, Arps, Slate, Meagher & Flom LLP, and Affiliates on Greek law-related matters of the transaction. The closing of the transaction is expected within Q2 of 2022.
