Greece Sells Gambling Company

From Fox Business News Greece’s government Wednesday accepted a 652 million euro ($860.3 million) bid for the state gambling company OPAP SA (GRKZF, OPAP.AT), marking the first significant asset sale in the country’s long-delayed privatization program. In a statement, Greece’s privatization agency said that a Czech-led private equity consortium, Emma Delta, had won the bid for the acquisition of a 33% stake of OPAP, after improving its earlier bid by EUR30 million to meet the government’s minimum target price. Greece will also retain 2012 dividends from the company, equal to EUR60 million, bringing the total bid up to EUR712 million,…