Greece Privatization Mired As The Only Interested Supporters Balk

Kerin Hope of Financial Times noted that Greece is struggling to avoid the collapse of a second big privatization deal, amid threats and pressure from bidders for the state lottery monopoly to change key terms of the deal they agreed last month. Emma Delta To Cancel Two Key Elements Of The Deal Emma Delta – a bid vehicle backed by Greek oil tycoon Dimitris Melissanidis and Czech billionaire Jiri Smejc – made the only offer for the Greek state’s 33 percent holding in Opap. Problems with the €700m sale of Opap threaten to add to tension with Greece’s international creditors,…