Gary Cohn | Vice Chairman of IBM | Co-Chairman of Cohn Robbins Holding Corp.

Allwyn Entertainment, the new group-wide brand for SAZKA Entertainment AG (“Allwyn Entertainment” or “Allwyn” or the “Company”), a leading multinational lottery operator, today announced another significant step in its evolution to a global lottery-led entertainment platform:  Allwyn’s intention to become a publicly-listed company on the New York Stock Exchange (NYSE) in partnership with NYSE-listed Cohn Robbins Holdings Corp. (CRHC), resulting in an expected total enterprise value for Allwyn of approximately $9.3 billion.  As described below and subject to certain limitations, an innovative feature of the Transaction provides CRHC shareholders the opportunity to establish ownership stakes at a maximum enterprise value of approximately $8.7 billion.  CRHC is Co-Chaired by its Co-Founders, Gary D. Cohn and Clifton S. Robbins.

Read the full press release here.