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Agreement on 33% stake acquisition in OPAP signed

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opap-government-stake-soldThe agreement for the acquisition of 33% stake in Greek Organisation of Football Prognostics S.A. (OPAP) by Greek-Czech investment fund Emma Delta was signed today for a total consideration of €652 million (€622 in cash and €30 million payable in 10 equal annual installments).

OPAP is a public company based in Athens, Greece that exclusively operates and manages numerical lottery and sports betting games in Greece, and is Europe's biggest betting firm.

Following the approval of the transaction by the relevant competition authorities, payment of the amount and transfer of the shares to the new owner will take place.

The Hellenic Republic Asset Development Fund (HRADF), acting solely in the public interest, implements a demanding privatisation programme with determination, consistency and transparency, contributing decisively to the growth of the Greek economy and the creation of new jobs.

For more information concerning HRADF, click here.

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