OPAP
Moody’s: Intralot's lottery sale a credit positive
Rating agency Moody's commented on Monday that the sale by Intralot of a 16.5 percent in lottery company Ellinika Lachia to main stakeholder OPAP is a credit positive for Intralot, and that the price of 20 million euros will go a long way toward improving its liquidity, which to date was seen as "weak," according to the agency.
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OPAP to buy Intralot's stake in Ellinika Lachia
Gambling giant OPAP announced on Tuesday that its 100 percent subsidiary OPAP Investment Limited has signed a memorandum of understanding with Intralot for the acquisition of the latter's stake in lottery company Ellinika Lachia, amounting to 511,500 shares or 16.5 percent of the share capital, for 20 million euros.
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Betting firm OPAP says CFO to step down by September
Greece's OPAP, Europe's fourth-largest betting firm by revenue, said on Tuesday its chief financial officer would step down by the end of September to pursue other opportunities.
Michal Houst joined OPAP in 2013 after Greece sold a minority stake to a Czech-Greek fund.
Sazka offer may not impress OPAP shareholders
The principal objective of the public proposal put forward by main shareholder Sazka Group for the acquisition of up to 67 percent of OPAP is the incorporation of the Greek gaming firm's results in those of the company founded by Karel Komarek.
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ATHEX: Stock market concerned over EU attitude
European slaps on Athens' wrist over handouts by the previous government that are seen endangering the budget's targets, inflicted extensive losses on Greek stocks on Tuesday, and came hand-in-hand with a rise in Greek bond yields. Sazka's public offering for OPAP shares it does not own did not help prices either.
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Sazka Group launches full takeover bid for Greece's OPAP
Czech-based Sazka Group has launched a bid to take full control of Greece's OPAP, Europe's fourth-largest betting firm by revenue.
Greece sold a 33 percent stake in OPAP to Emma Delta, currently owned by Sazka Group and Georgios Melissanidis, in 2013 for about 650 million euros ($729.9 million) as part of a European Union-prescribed international bailout.
OPAP trading suspended pending important announcement
Greece's stock exchange temporarily suspended trading in OPAP on Monday pending an "important announcement" from Europe's fourth-largest betting firm by revenue.
The stock exchange did not provide any details.
[Reuters]
ATHEX: Stocks recover to enjoy a mild price increase
Despite the selling trend observed at the Greek bourse early on Wednesday and the distribution of dividends by a number of blue chip companies, stocks recovered in the latter half of the trading session, with the majority recording gains and turnover heading higher.
Roadshows reveal a positive mood
Very positive messages are coming from foreign investors at the investment roadshows this week in which Greek banks and other listed companies are participating, as the interest of funds in local assets has increased.
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OPAP freezes VLT roll-out until Greece settles regulatory issue
OPAP, Europe's fourth-largest betting firm by revenue, has frozen the roll-out of video-lottery terminals in Greece until the country settles a "procedural" regulatory issue, its chief executive said on Thursday.