ATHENS Jan 29 U.S. hedge fund Baupost Group has
a 5.2 percent stake in Greek gambling firm OPAP, a
regulatory filing showed on Tuesday, signalling foreign interest
in the country's gambling monopoly before its privatisation.
Boston-based Baupost Group, run by money manager Seth
Klarman, unveiled the position after it exceeded a 5 percent
reporting threshold under Greek law, OPAP said in the filing.
Baupost is the third investment fund holding a big stake in
OPAP, which has a market value of 2.05 billion euros ($2.76
billion) on the Athens Stock Exchange.
Investment funds Silchester Inv. and Fidelity Investments
already own about 5 percent each in the company, according to
Athens stock market data.
Activist investor fund Third Point and TPG Capital are among
a shortlist of seven investors interested in buying a 33 percent
OPAP stake that will be sold later this year.
Debt-laden Greece plans to sell almost its entire OPAP stake
as part of plans to raise about 2.6 billion euros from the sale
of state assets this year.
Shares in OPAP have risen 34 percent over the past six
months, underperforming a 73 percent rally on the Athens Stock
Exchange's main index. The stock has been weighed down by
concerns over whether its monopoly is in line with European