A consortium headed up by the Gauselmann Group and online gaming giant Playtech is among a number of investors interested in acquiring a major stake in Greek gaming monopoly OPAP.
The Hellenic Republic Asset Development Fund, which has been charged with the task of either developing or selling state-owned assets, revealed on Saturday that eight potential investors have expressed an interest in the sale of 33 per cent of OPAP shares.
Gauselmann and Playtech’s consortium also includes Helvason and may find itself competing against gaming technology provider Intralot. Also declaring their interest were Triple Five World Group Properties, private equity firms BC Partners and TPG Capital, and investment funds Emma Delta and Third Point.
Chinese conglomerate Fosun International is also in the running.
HRADF’s advisors are to examine all eight submissions before submitting their recommendations to its board of directors. CEO Yannis Emiris said the organisation was satisfied with the response from the investment community, which “demonstrated its trust in the prospects of the country.”
“The number and entity of the submissions received is also proof of investors’ confidence in our tendering procedures,” he added.
OPAP is estimated to be worth €1.5bn and is among the largest betting firms in Europe.
