OPAP, SAZKA Group’s Greek and Cypriot subsidiary, has received regulatory approval for its acquisition of 51 per cent of Stoiximan Group’s Greek and Cypriot business SMGC.
The deal also includes the acquisition, subject to regulatory approval, of a further stake in SMGC, as a result of which OPAP will have a total shareholding of 85 per cent in and sole control of SMGC.
Robert Chvatal, SAZKA Group CEO, commented: “Today’s announcement marks an important step forward for SAZKA Group and for OPAP, as OPAP gains a leading market position in yet another gaming vertical.
"OPAP, with SAZKA Group’s support, has achieved a milestone that will significantly strengthen its position in the online sports betting market. In recent weeks, we have been working in anything but a standard business environment.
"And yet under these extraordinary circumstances our joint teams brought this transaction to fruition. Here my thanks must go specifically to the management team led by George Daskalakis."
