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OPAP

Privatization's Next Stop: Greek Railways

With Prime Minister Antonis Samaras trying to figure out who will replace Stelios Stavridis, the former head of the country's privatization agency who was forced to quit after he accepted a ride on the private jet of a businessman...

Ousted TAIPED Chief Strikes Back

A day after being forced to resign as head of Greece's privatization agency TAIPED because he'd taken a ride on the private jet of a businessman buying the state gambling monopoly OPAP, Stelios Stavridis said he had done nothing...

Stournaras Forces Out TAIPED Chief Stavridis

Greek Finance Minister Yannis Stournaras on Aug. 18 forced the resignation of the head of the Hellenic Republic Asset Development Fund (TAIPED) Stelios Stavridis, who is overseeing a lagging privatization effort that has been a major disappointment in raising...

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...

HRADF Signs Concession Agreement with Hellenic Lotteries

The concession agreement for the exclusive right to operate the Hellenic Republic's State Lotteries for a period of 12 years was signed on July 30 between the Hellenic Republic Asset Development Fund (HRADF) and the Hellenic Lotteries SA. Hellenic Lotteries...

OPAP's Sale Uncertain, Bidder Objects

The only real success in Greece's privatization program, the sale of its stake in the gambling monopoly OPAP, is starting to unravel. Emma Delta, which won the bid said it won't accept conditions that bind it with the providers of...

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...

Sale Of DEPA Gas Unit Postponed

With the sale of its stake in the gambling monopoly OPAP to a Greek-Czech group done, Greece is turning its attention to selling off the the Public Gas Corporation DEPA and gas network operator DESFA, but the process has...