OPAP’s fully-owned subsidiary OPAP Investment Ltd will now enact sole control over SMGC with its 84.48% ownership stake.
This comes after a two-year process to secure control over Stoiximan. OPAP received Greek approval for acquisition of Stoiximan in November 2019, followed by a majority acquisition of 51% in August 2020.
This upped OPAP’s stake to 69%, as it already had an 18% holding.
OPAP then obtained an additional 15.48% stake in November 2020, bringing the total stake to 84.48%.
In the same month the operator announced plans to acquire the remaining 14.52% of SMGC.