Hellenic Republic Asset Development Fund Receives 8 Expressions of Interest for the Privatization of Hellenic Football Prognostics Organization (OPAP)
Athens November 10, 2012. Eight potential investors have expressed their interest to the Hellenic Republic Asset Development Fund (HRADF) for the sale of 33% of OPAP (Hellenic Football Prognostics Organization) shares.
The deadline for the submission of Expression of Interest expired on November 9, 2012.
The following entities or consortia responded to the invitation:
Emma Delta Ltd, a fund advised by Emma Delta Management Ltd which is beneficially owned by Jiri Smejc (66,7%) and George Melisanidis (33,3%)
Consortium of Gauselmann AG (55%), Playtech Ltd (41%) and Helvason Ltd (4%)
Consortium of Intralot Holdings Luxemburg S.A. (34%) and Intralot Investments Ltd (66%)
Primrose Treasure Limited subsidiary of Fosun international
Third Point LLC
Triple Five World Group Properties Limited
HRADF’s advisors will examine all 8 submissions and, within the next few days, will send their recommendations to the HRADF Board of Directors, indicating which candidates meet the selection criteria for the next phase of the tender.
HRADF’s CEO Yannis Emiris made the following statement: "We are satisfied by the response of the investment community, which has demonstrated its trust in the prospects of the country, despite the difficult economic situation. The number and entity of the submissions received is also a proof of investors’ confidence in our tendering procedures."