Czech tycoon Karel Komarek’s investment vehicle has sold a stake in Allwyn, in a deal valuing the National Lottery operator at £9.7billion.
Allwyn said central European investment fund J&T Arch has snapped up a 4.27 per cent stake from Komarek’s KKCG business, which remains the majority owner.
In 2019, KKCG took 100 per cent control of European lottery group Sazka Group, rebranding it as Allwyn.
It was awarded the licence to run the National Lottery in 2022. Allwyn then agreed a takeover deal for Camelot, which had run the UK’s lottery.
KKCG said it will get around £432million from the deal. Allwyn reported £1.3billion adjusted earnings in 2024 and intends to buy a controlling interest in online sports betting and gaming operator Novibet.
Allwyn chairman Komarek, said: ‘I see many opportunities ahead for significant and sustainable value creation and I’m delighted a wider range of investors can now join us.
Lucky dip: Czech tycoon Karel Komarek (pictured with wife Stepanka) has sold a stake in Allwyn in a deal valuing the National Lottery operator at £9.7bn
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