Published
04/07/2025
Morris Law has acted as legal advisor to IOGT-NTO in the acquisition of shares in Kombispel i Sverige AB and Svenska Lotterier och Insamlingar AB and its respective subsidiaries.
IOGT-NTO is a non-profit, politically and religiously independent organization and movement that works for a society free from alcohol and other drugs. Through preventive work and social initiatives, IOGT-NTO aims to reduce abuse and improve public health. The organization currently consists of over 25,000 members with approximately 700 local associations. The acquisition of Kombispel i Sverige AB, Svenska Lotterier och Insamlingar AB ("SLI") and SLI's wholly or partially owned subsidiaries means that IOGT-NTO is expanding its lottery operations, and the acquisition contributes to strengthening IOGT-NTO's long-term financial base to conduct and develop its alcohol and drug prevention work throughout Sweden. The companies are transferred by A-lotterierna Ekonomisk förening, which has been conducting lottery operations since 1956.
Jonatan Hjort, CEO of Miljonlotteriet, says: "We are very pleased with our choice of Morris Law as legal advisors. The team at Morris has been a reliable partner throughout the acquisition process. They have been available and competent with the right focus, which has contributed to us feeling secure throughout the acquisition process."
The team at Morris Law mainly consisted of Gustav Thorslund, Hedda Sahlin Ekberg and Racine Ashjari.