Cyprus Business Now: banks, OPAP, salaries, Cyta, real estate

Allwyn International AG and OPAP S.A. on Monday announced that their boards of directors have approved a merger through an all-share transaction valued at €16 billion, creating the world’s second largest listed lottery and gaming operator.

The combined company, which will be renamed  Allwyn , will remain listed on the  main market of the Athens Stock Exchange  and is expected to become one of the largest companies by market capitalisation.