OPAP S.A. Rotten Score Breakdown

HCC Decision 752/2021 unanimously found that OPAP notified its acquisition of sole control over Stoiximan Business 214 days after the statutory deadline. The notification was due by 18 May 2020 but was submitted on 18 December 2020. The HCC imposed a €500,000 fine while also recording mitigating facts: it did not find the delay intentional, the transaction raised negligible competition concerns, OPAP notified on its own initiative, and it cooperated with the investigation. Primary source: https://www.epant.gr/en/decisions/item/2337-decision-752-2021.html

HCC Decision 787/2022 found, by majority, that OPAP infringed Greek and EU competition law through non-compete and tying provisions imposed through its 2017 agency agreement in ancillary bill-payment and telecommunications-product services during 2017–2021. The HCC ordered the conduct to cease and imposed a €24,562,249.05 fine. OPAP publicly denied the findings and announced an appeal, so this record is marked unresolved rather than describing the regulator decision as finally adjudicated. Primary regulator source: https://www.epant.gr/en/decisions/item/2940-decision-787-2022.html Company appeal announcement: https://investors.opap.gr/en/results-and-news/news/regulatory-announcements/2023/290923