Philenews

Developments for the Acquisition of Novibet by Allwyn

Published March 4, 2026, 14:14
Developments for the Acquisition of Novibet by Allwyn

Allwyn International and Logflex MT Holding Limited have decided to withdraw their agreement to acquire Novibet due to a negative position from the Hellenic Competition Commission. The Competition Commission had expressed serious doubts about the compatibility of the acquisition with competition requirements. The two companies announced that they only want to pursue investments that deliver real value to shareholders, arguing that they had submitted carefully considered proposals to the Competition Commission.