The SAZKA Group is now the EMMA Delta fund's controlling shareholder and, consequently, holds an indirect 33% share in the Greek lottery company OPAP.
In August of last year, when a joint venture was established by KKCG and EMMA CAPITAL in the framework of the SAZKA Group, SAZKA Group released the information that the final completion of the transaction in Greece was conditional on one last step: the transfer of 67% of shares held by EMMA DELTA MANAGEMENT LTD (the company that controls the investment fund EMMA DELTA). The transfer necessitated the approval of the regulátory agencies of Greece and Cyprus. Both agencies approved the transaction at the end of January 2017, paving the way for a transfer of the shares in question to the SAZKA Group. Following the transaction, the SAZKA Group now controls the EMMA DELTA fund, and, consequently, holds an indirect 33% share in the Greek lottery company OPAP.
According to Member of the SAZKA Group's Board of Directors Pavel Horák, the transaction is another step in the fulfillment of the holding's long-term expansion strategy.