ECONOMY

Greece’s OPAP postpones shareholder meeting

Betting monopoly OPAP, one of Europe’s biggest gambling firms, has postponed a shareholder meeting to discuss the renewal of a key IT services contract to give Greece’s privatization agency TAIPED more time to study the agenda.

The agency is selling all but 1 percent of the government’s 34-percent stake in OPAP, which wanted shareholder approval on Tuesday to renew a deal with local gaming software provider Intralot.

Analysts said deferring the meeting, rescheduled for April 6, would not delay the sale, which is expected to go ahead in the next few weeks as part of Greece’s bailout program.

TAIPED said in a statement its newly appointed board of directors needed more time to study the meeting’s agenda.

[Reuters]