PLI Ltd. Finalizes Terms To Run Irish National Lottery

Law360, New York (February 27, 2014, 2:40 PM EST) -- A subsidiary of the Ontario Teachers' Pension Plan said Thursday that it has finalized terms for a 20-year license agreement to operate the Irish National Lottery, four months after being selected as the winner of a competitive bidding process.

The Ontario Teachers' Pension Plan — known as Teachers' — subsidiary, Premier Lotteries Ireland Ltd., was chosen as the "preferred bidder" in a competitive bidding process that wrapped up in October. With the terms of the deal now completed, PLI and a consortium of other Teachers'-owned entities...
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