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Emma Delta

New Charges Against TAIPED for Εmbezzlement

The former administrative members of the Hellenic Republic Asset Development Fund (TAIPED) are being prosecuted with charges for embezzlement from the Public Sector, regarding interest that was never paid back to the Sector after selling OPAP and Emma Delta. According...

The 33% Stake of OPAP to Emma Delta

The Hellenic Republic Asset Development Fund (TAIPED) transferred today, after having secured all necessary approvals, a 33% stake in OPAP to the Emma Delta fund. The Emma Delta had clinched a deal with the Hellenic Republic Development Fund S.A...

Emma Delta to Buy OPAP on Friday

The countdown for the completion of the privatization of OPAP has started, and before the Athens' Bourse opens on Friday, Greek-Czech fund Emma Delta will have completed the acquisition of 105 million shares in the gaming company and paid...

OPAP Deal Finally Concluded

After much wrangling and doubt whether the deal would go through, Greece has signed a 652-million euro ($867.95 million) agreement to sell off 33 percent of  the state-controlled gambling monopoly firm OPAP to the Greek-Czech investment consortium Emma Delta. It...

OPAP Privatization Faces Court Challenge

With its sale of a stake in the state gambling monopoly OPAP to a Greek-Czech consortium unraveling over bickering over some of the details, the Greek government is now facing another challenge from the Remote Gambling Association (RGA) which...

OPAP's Bidder Has Some Questions

The Greek-Czech group Emma Delta, which has bid 652 million euros ($847.06 million) for a 33 percent state in the Greek gambling monopoly OPAP is quibbling with the country's privatization agency TAIPED over some of the terms. OPAP has left...

OPAP's Privatization Hits A Snag

Already setback by the failure to get any bids for its state gas company during a privatization push, Greece now has run into a roadblock over last month's sale of a 33 percent stake in the gambling monopoly OPAP...

Greeces Hopes OPAP Sale Speeds Privatizations

Greece Prime Minister Antonis Samaras said the sale of gambling monopoly OPAP shows that Greece is serious about making reforms as a condition of rescue aid.  The deal, which will give Czech-Greek consortium Emma Delta a 33 percent stake...

Czech Jiri Smejc Wants to Buy OPAP

The 42-year-old Czech Jiri Smejc, twice married, with two children and a fortune of over $2 billion may be the new owner of the Greek Organization of Football Prognostics OPAP S.A. within the next week. Smejc is a specialist in...

Greece Wants Sweeter Deal For OPAP

Greece's lagging privatization effort hit another bump when its biggest money-maker, the gambling monopoly OPAP, received only one bidder with an offer so low the government has asked for it to be bumped up. Only the Greek-Czech investment fund Emma...