Czech-based Sazka Group to take full control of Greek gaming firm OPAP.

Greece sold a 33% stake in OPAP to Emma Delta, currently owned by Sazka Group and Georgios Melissanidis, in 2013 for about 650 million euros ($729.9 million) as part of a European Union-prescribed international bailout.

Sazka Group, which holds 66.7% in Emma Delta, launched in July an offer to acquire up to 67% of OPAP’s outstanding shares for 9.12 euros each.

Later on Monday, Sazka Group said that it was commencing the voluntary tender offer, adding that OPAP shareholders could tender their shares from October 1 until October 29.

More than 2 billion euros had been earmarked for the project, President of Sazka Group Karel Komarek said, calling the offer “a strong confirmation” of the Group’s confidence in the Greek economy.