Greece urges OPAP-led consortium to sign state lotteries deal
ATHENS, June 25 (Reuters) - Greece's privatisations agency (TAIPED) on Tuesday urged a consortium led by betting monopoly OPAP to sign a deal to sell its state lotteries, paving the way for completion of the privatisation of OPAP, the country's first major asset sale under its foreign bailout.
The agency hopes the deal will be completed by the end of June.
Greece agreed last month to sell a 33 percent stake in OPAP to Greek-Czech fund Emma Delta for 712 million euros, but delays in selling its 12-year state lottery licence to an OPAP-led consortium have put the OPAP sale at risk.
"TAIPED is persisting ... for the consortium led by OPAP to sign the agreement with TAIPED as it is obliged to," the agency said in a statement. "The contract for the state lotteries ... is crucial for OPAP and the sale of its 33 percent stake."
Athens agreed with its international lenders to raise 2.5 billion euros in asset sales by the end of 2013, but it may miss the target by roughly 1 billion euros after it failed to attract any bids for natural gas company DEPA.
The government plans to ask foreign lenders to adjust the target.
The OPAP-led consortium, which won the state lottery tender last year, includes lottery systems providers Scientific Games and Intralot.
Emma Delta is concerned about the fees OPAP will pay to its partners for printing and technology services needed to operate the lotteries, as well as their right to veto board decisions, officials close to the talks have told Reuters.