Tag: greece OPAP
Greece completes privatization of gambling monopoly
August 12, 2013
From Reuters – Greece on Monday completed the sale of a major stake in state-controlled gambling firm OPAP (OPAr.AT) to Greek-Czech fund Emma Delta, a condition of the country’s ambitious asset sales program under its multi-billion international bailout. Athens sealed a deal to sell its 33 percent stake in OPAP to Emma Delta for 652 million euros ($870.52 million) in May but rows among opposing investors over the fees OPAP would pay its partners for technology and printing services delayed the deal. Cash-strapped Athens is struggling to meet reform targets under its 240-billion-euro EU/IMF bailout and risks losing funding if…