Karmine Corp Secure Majority Control of LEC Slot in €32M Valuation Deal with Astralis

More good news for the Blue Wall. Following the announcement that controversial co-owner Amine “Prime” Mekri finalized the sale of his remaining shares in Karmine Corp, the Karmine Corp has now reportedly secured majority ownership of its LEC slot from Astralis, according to sources of RFT.GG.

Valued at €8.18 million, per RFT.GG, the transaction increases Karmine Corp’s stake in AK-GAME — the entity holding the LEC slot — from 17% to 51.8%, giving the French organization majority control for the first time. In exchange, KC issued new shares to former Astralis owners, granting them roughly a 25% stake in Karmine Corp itself, valued at approximately €8.1 million.

The deal implies a pre-money valuation of €23.9 million and a post-money valuation of around €32.1 million for Karmine Corp—a 58% increase from its €20.2 million valuation in October 2023.

While founder Kamel “Kameto” Kebir remains the largest individual shareholder with 37% of the company, his stake decreases significantly from the 49% he previously held, reflecting notable dilution as part of the transaction. Still, he retains his position as the leading stakeholder within the organization and will indeed retain his decision-making power, according to the original article.

Compared to earlier reporting by Sheep Esports, which suggested Karmine Corp would exchange approximately 5% of their equity to secure control of their LEC slot, the final structure appears considerably more dilutive. According to RFT.GG, the post-transaction ownership structure of Karmine Corp is now as follows:

Ultimately, the transaction marks a pivotal moment in Karmine Corp’s evolution. Securing majority control of its LEC slot removes long-term uncertainty around one of its most valuable competitive assets and reinforces its strategic independence within the league. At the same time, the price of that control is clear with a significant dilution.

Whether this proves to be a good long-term consolidation of power or a costly restructuring will depend on KC’s ability to translate sporting success and brand momentum into sustained financial growth. For now, the Blue Wall gains stability in the LEC, even if the internal balance of power has shifted in the process.