On Tuesday, Greece's privatizations agency (TAIPED) urged a consortium headed by OPAP to sign a deal to sell its state owned lotteries. The deal could pave way for the completion of the privatization plan for OPAP. This would also mean the first major asset sale under its foreign bailout in the country.
By the end of June, the agency hoped to see the deal completed.
Last month, Greece agreed to sell 33% of its stake in OPAP to Emma Delta, a Greek-Czech fund. The deal was priced at Eur712 million. However, the 12 year state lottery license to an OPAD-led consortium was delayed. This held the OPAP sale at risk.
Athens agreed to raise Eur2.5 billion in asset sales with its international lenders. This will transpire by the end of 2013. However, it may miss its target by around Eur1 billion after failing to attract bids for natural gas firm, DEPA.
The government of Greece planned to seek adjusted targets from foreign lenders.
Last year, the OPAP-led consortium won the state lottery tender. This included lottery systems providers Scientific Games and Intralot.
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