News Of The Greek Gambling Market: Mergers And Acquisitions
Greece competition commissioning approved the acquision by opap operator stoiximan.
The greek gambling operator opap group in january of the current year agreed to conclude a transaction for the acquistion of 51% of stoiximan shares. The total amount of the transaction is €94.9 million.
According to official data, the operator division, opap invest, will receive a share in gml investive, a subsidiary of stoiximan tcb holdings, as well as joint control over the business with two more tcb shareholders.
Opap has already acquired stoiximan shares in september 2018, the total value of the transaction then amounted to €50 million.
The acquisition of shares is impossible without approval by cyprus, namely the competition competition commissions and bodies responsible for regulating the gambling industry.
Previously, the sazka group lottery operator increased the share of participation in opap to 40%. The company has long trid to acquire all the shares of the operator in the free circulation.
Sazka has reached an agreement with 7.25% of opap shareholders during the offer period, which ended on october 29. Until this period, she belonged to about 33% of opap shares. The share was acquired in 2013 through the mediation of emma delta.
A total of 23,333,179 shares were purchased €9.12 for a total amount €212.7 million.
Recall that greece opap’s greek monopoly informs the growth of profits in the second quarter of the current year.