AP News

Greece picks investor for former Olympic venue

ATHENS, Greece (AP) — Greece is to sell a 90-year lease on a former Olympic media center to a local developer for €81 million ($104.7 million), as part of its lagging privatization program.

The government privatization agency says Lamda Domi SA won an international tender to lease the broadcasting center used during the Athens Olympics of 2004.

The agency says Friday that Greece stands to receive up to €32.4 million ($41.9 million) additionally from the deal, depending on the course of the country's finances over the next half-century.

On Thursday, the agency said Greece will sell a 33 percent stake in the OPAP gambling company.

The debt-crippled country has committed to sell €19 billion worth of public assets by 2015. But less than a tenth of that sum has been raised.

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