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A 33% stake in the state lottery OPAP has been sold

12 August 2013 / 14:08:40  GRReporter
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The privatization of the Greek state lottery OPAP has been completed with the sale of a 33% stake to Emma Delta. The communication of the fund for the use of state property indicates that the shares have been sold for 652 million euro, 622 million of which will be paid in cash and the remaining 30 million euro will be paid in instalments within 10 years.

The transfer of the shares to the buyer and the payment of the amount to the Greek government funds will be carried out after the state authorities monitoring the compliance with the rules of competition approve the transaction.

The communication of the fund states that its main priority is to serve the public interest and to complete the privatization programme in a determined, consistent and transparent manner. "The fund is significantly contributing towards the development of the Greek economy and to the creation of new jobs."

The sale of OPAP is considered as an important move by the government and a key step in the triggering of the privatization process in the country.

Tags: EconomyCompaniesOPAPState lotteryPrivatization
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