Czech investors divide biggest shareholder in OPAP

The investment groups revealed that they agreed to split assets in lottery firm SAZKA Group.

Czech Republic.- Czech investment groups KKGC and EMMA Capital announced on Thursday that they agreed to split assets in lottery firm SAZKA Group, which is the biggest shareholder in Greek gaming company OPAP.

The deal establishes that KKGC will obtain 100% of SAZKA Group and the shares it holds in the Czech lottery unit, as well as Greece’s OPAP, Italy’s LOTTOITALIA and Casinos Austria. On the other hand, EMMA will get SAZKA’s shares in Croatian sportsbook SuperSport and a millionaire financial compensation.

“With this settlement, the existing shareholding ratio of both partners in the SAZKA Group… will be accurately adhered to,” the companies said, which must pass regulatory hurdles in respective countries before these measures are effective.

Sales at the companies mentioned exceed the €17 billion figure, and Karel Komarek and Jiri Smejc, principal investors and owners of KKGC and EMMA respectively, said that they are willing to work together in the future again.