OPAP privatisation deal completed

The OPAP / Emma Delta deal was finally signed Monday following protracted delays related to third party supplier tender awards.

The Czech-led private equity consortium acquired a 33 percent stake in OPAP for Euro 652 million, the proceeds of which will fatten the cash-strapped Greek Government’s coffers.

Final approval of the transaction is required by the relevant competition authorities and ownership will pass once payment of the amount and transfer of the shares to Emma Delta have taken place.

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