ATHENS May 1 Greek-Czech investment fund Emma
Delta, the sole bidder in the race to buy Greek state-controlled
gambling monopoly OPAP, has agreed to a demand by
Athens to raise its offer to 650 million euros ($857 million),
officials involved in the sale told Reuters on Wednesday.
The fund had initially offered 622 million. Athens had given
it until May 1 to improve its offer to at least 650 million as
it sought to avoid the sale process ending in failure.
Greece's advisers National Bank and Deutsche Bank have
estimated the stake's value at 610 million euros and a third
adviser at a minimum 650 million.