Investment group KKCG has divested a 4.27% stake in Allwyn International AG to listed fund J&T Aarch Investments.
The deal, executed through KKCG subsidiary Allwyn AG, places a valuation of €11.2 billion on the lottery operator as of 31 December 2024 and provides KKCG with €500 million in proceeds, including consideration and locked box interest accruing from 1 January 2025.
Allwyn reported €1.5 billion in adjusted EBITDA for 2024 and has continued to grow its global presence. Over the past year, the company acquired e-instants specialist Instant Win Gaming and announced plans to secure a majority stake in online sportsbook Novibet.
The acquisition by J&T Aarch strengthens its long-standing partnership with KKCG founder Karel Komárek while broadening its investments into the regulated gaming sector.
Following the transaction, KKCG still holds a 95.7% share in Allwyn and reaffirmed its commitment to driving the company’s long-term growth across Europe and the Americas, where it already operates national lotteries in Austria, the UK, the Czech Republic, and Illinois (US).