HPP acted as the legal counsel for Ownership Steering Department of the the Prime Minister’s Office in connection with the merger of Veikkaus Ltd, Finland’s Slot Machine Association and Fintoto Oy into a single state-owned entity. The merger was implemented at the turn of the year, when the new gaming company began its operations. The new company is called Veikkaus Ltd.
HPP advised on all legal aspects of the arrangement, including planning the structure, legal due diligence process, drafting documentation relating to the transfer of the business of Finland’s Slot Machine Association, drafting and negotiating the sale and purchase agreement of Fintoto Oy shares between Suomen Hippos ry and the new gaming company, and the merger of Fintoto Oy and Veikkaus Oy into the new gaming company.
