Progress for Seven of Eight OPAP Bidders


Seven of the eight submissions to the Board of directors of the Hellenic Republic Asset Development Fund (HRADF) regarding the sale of a 33 percent state in OPAP (Hellenic Football Prognostics Organization) have fulfilled the Fund's criteria, announced the HRADF, adding that they will be moving forward to the next stage of the tendering process.

The successful bidders are:

- BC Partners

- Emma Delta Ltd, a fund advised by Emma Delta Management Ltd which is beneficially owned by Jiri Smejc (66,7 percent) and George Melisanidis (33,3 percent)

- Consortium of Gauselmann AG (55 percent), Playtech Ltd (41 percent) and Helvason Ltd (4 percent)

- Consortium of Intralot Holdings Luxemburg S.A. (34 percent) and Intralot Investments Ltd (66 percent)

- Primrose Treasure Limited subsidiary of Fosun international

- Third Point LLC

- TPG Capital

It was specified that the one that dropped out of the tender process was Triple Five World Group Properties Limited, and HRADF also added that its board of directors will approve the documents of the second phase of the tender leading to the submission of binding financial offers in its next session.

At present, the date for the session remains unknown.

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