The crisis in Cyprus has affected TAIPED’s efforts to privatize 33% of OPAP, which was to be completed today. Following the demands of interested investors, TAIPED has decided to extend the date for determining prospective investors until the 10th of April.
The interested investors requested the extra time because they feel the Cypriot crisis might spread to Greece. This has been reflected in the spreads of Greek bonds surpassing 1,100 units. TAIPED will be accepting binding offers until the 17th of April.
At present, the interested parties include Emma Delta, Playtech, Gauselmann, Kopelouzos, BC Partners, TPG Capital, Third Point, Fosun and Intralot.
