Greece another step closer to meeting privatisation target with €654m sale of OPAP

The Greek government has completed the sale of its 33 per cent stake in gambling firm OPAP to a Greek-Czech fund Emma Delta for €654m (£560m).

The deal was agreed in May, but talks stumbled as Emma Delta requested changes be made to reduce the fees paid to Intralot and Scientific Games to run the state lottery .

This will help the government along to meeting its troika-imposed €1.6m privatisation target for 2013. It will need to find a further €3.5bn in 2014. It should also help produce more results like the primary budget surplus reported this morning.