Sazka Group set to acquire majority stake in OPAP

Business News

Greece’s stock exchange temporarily suspended trading in OPAP on Monday pending an ‘important announcement’ from Europe’s fourth-largest betting firm by revenue.

SAZKA Group intends to offer an extremely high price for the minority shares of OPAP, this will be 14 euros per share approaching 40% based on the latest closing price.

In March, OPAP announced the agreement of the two shareholders to separate their activities.

This agreement does not affect the distribution of shares with the two Greek shareholders, Giorgos Melissanidis and Christos Copelouzos , who still control one third of 33% of OPAP shares.