BC Partners and TPG circle Greek lottery business
BC Partners and TPG Capital are among the potential bidders for a 33% stake in Greek lottery monopoly OPAP, put up for sale by the country's Hellenic Republic Asset Development Fund (HRADF).
HRADF stated that eight potential investors, including BC and TPG, had expressed their interest prior to the 9 November deadline.
Other suitors include Fosun International's Primrose Treasure Ltd, Third Point and Triple Five World Group Properties Ltd.
HRADF's advisers will now examine the submissions and will send their recommendations to the HRADF Board of Directors within the next few days, in order to move forward with the next phase of the tender.
The sale is part of Greece's efforts to raise funds as the country tries to meet the conditions of its international bailout plan.
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