Organization of Football Prognostics S.A. (OPAP)

Completed

Corporate

Following an international tender, and pursuant to the Share Purchase Agreement of 12.08.2013 between HRADF and investor Emma Delta LTD (formerly Allwyn International), the latter acquired 33% of OPAP for a fee of €652,000,000.

OPAP S.A. was founded in 1958 as a legal entity governed by private law and was converted into a societe anonyme in 1999 with registered offices in Greece. The Company’s registered offices are at 112 Athinon Avenue, GR 104 42 Athens, Greece. The shares of OPAP S.A. are listed on the Athens Stock Exchange.

On 13.10.2000, OPAP acquired from the Greek State the 20-year exclusive right for the conduct, management, organisation and operation of specific number lotteries and sports forecast games, using any appropriate technological means available, for a consideration of €322,817,000. OPAP also acquired the exclusive right for the operation and management of any new sports forecast game in Greece, as well as the right of first preference for any new game that will be allowed by law. The number of games has gradually increased over time and currently includes 13 games. This exclusive right of OPAP was subsequently extended for a period of 10 years, i.e. until 12 October 2030. OPAP therefore has the exclusive right for the conduct, management, organisation and operation, using any appropriate means, of seven numerical lotteries (TZOKER, LOTTO, PROTO, EXTRA 5, SUPER 3, KINO and POWERSPIN), three sports and other betting games (PROPO, PROPOGOL and STOIXIMA [which includes MONITOR GAMES and GO LUCKY]), two new games of chance (BINGO and SUPER 4) as well as the games “Basketball Forecasts” and “Team Sports Forecasts” (the last four games have not yet started). These numerical lotteries and betting games are also offered in Cyprus, through the subsidiaries OPAP CYPRUS LTD and OPAP SPORTS LTD, respectively.

For the sale of 33% of OPAP, the Greek State and HRADF appointed NBG Securities (DAEC) of the National Bank of Greece Group and Deutsche Bank as financial advisors and the law firms Karatzas & Partners and Freshfields Bruckhaus Deringer LLP as legal advisors, in order to assist with the privatisation.

DOWNLOADS