OPAP

OPAP
legal form	Corporation
ISIN	GRS419003009
founding	1958
Seat	Peristeri near Athens , Greece
management	Kamil Ziegler (Chairman and CEO)
Number of employees	270 (company) 379 (group)
Branch	Betting provider
Website	www.opap.gr (Greek, English)

OPAP ( Greek Οργανισμός Προγνωστικών Αγώνων Ποδοσφαίρου Α.Ε. shortly ΟΠΑΠ Α.Ε. ) (German: Organization for forecasts of football matches), the formerly state-owned lottery and sports betting provider in Greece . The company was founded in 1958, in 2008 the state held 34.4% of the shares and from July 2013 33.329%. The company is listed in the Athex Composite Share Price Index on the Athens Stock Exchange .

The roughly 33 percent of OPAP shares held by the Greek state were sold to the Czech-Greek consortium Emma Delta Ltd on October 11, 2013 for a total of 712 million euros . 60 million euros had already been paid in advance, 622 million were due when the contract was signed and the remaining 30 million are to be paid off in ten annual installments of 3 million euros each. Emma Delta shareholders (with respective stakes) were Geonama (157 million), MEF Holdings (145 million), Vital Peak (145 million), Roubindiam (145 million), Helixsor (31 million) and Helvasor (26 Million). Since 2015, KKCG has been the largest shareholder in Emma Delta with 44.7 percent and thus indirectly with 14.8 percent in OPAP. 66.7 percent of the voting shares are held by the Czech entrepreneur Jiri Smejc and 33.3 percent by the Greek shipowner Dimitris Melissanidis . The name Emma Delta derives firstly from Smejc's participating AG Em fared Ma rkets and on the other from the Greek letter Delta, the first letter of the first name Dimitrios of two Greek stakeholder Melissanidis and Kopelouzos.

OPAP will hold the monopoly on sports betting until 2020 and the lottery monopoly in Greece until 2030.

Web links

Official homepage (Greek, English)

Individual evidence

^ Greek OPAP puts off charter changes ahead of deregulation . reuters.com, June 11, 2008
↑ State share in July 2013 as published in the news portal in.gr (Greek)
↑ Completion of privatization on October 11, 2013 and conditions published in the portal of the Handelsblatt
↑ reuters.com: BRIEF-Czech KKCG says raises share in Greek betting firm OPAP from April 15, 2015
↑ OPAP investors with sympathy published in the portal sport-fm.gr (Greek)
↑ Completion of privatization on October 11, 2013 and final purchase amount as well as board members published in the news portal enet.gr (Greek)
↑ Behind the scenes of the 33% sale of OPAP. Kathimerini newspaper portal (Greek)

[1] Greek OPAP puts off charter changes ahead of deregulation . reuters.com, June 11, 2008

[2] State share in July 2013 as published in the news portal in.gr (Greek)

[3] Completion of privatization on October 11, 2013 and conditions published in the portal of the Handelsblatt

[4] reuters.com: BRIEF-Czech KKCG says raises share in Greek betting firm OPAP from April 15, 2015

[5] OPAP investors with sympathy published in the portal sport-fm.gr (Greek)

[6] Completion of privatization on October 11, 2013 and final purchase amount as well as board members published in the news portal enet.gr (Greek)

[7] Behind the scenes of the 33% sale of OPAP. Kathimerini newspaper portal (Greek)