ECONOMY

Eight suitors for state?s OPAP stake

Greece?s most prized state asset, gaming company OPAP, has attracted no fewer than eight bids for the sale of a 33 percent stake, the Hellenic Republic State Development Fund (TAIPED) announced late on Friday.

The offers are from BC Partners, Emma Delta Ltd, the Gauselmann-Playtech-Helvason consortium, the Intralot Holdings Luxembourg-Intralot Investments Ltd consortium, Primrose Treasure Ltd, Third Point LLC, TPG Capital, and Triple Five World Group Properties Ltd.

TAIPED head Yiannis Emiris expressed satisfaction at the number and quality of bids, saying, ?We are happy with the response of the investment community and its confidence in the country despite this difficult juncture.?

The privatization?s consultants will now examine the bids and in the next few days will submit their report to the board of TAIPED for the drafting of a short list, the fund said in its statement.

According to OPAP?s stock price, a 33 percent stake is valued at around 500 million euros, which the market deems a bargain.