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Swedish Match and Scandinavian Tobacco Group Sign Agreement to Form a New Cigar Focus
Regulatory*News. Swedish Match (STO:SWMA) will contribute its entire cigar business with the exception of US mass market cigars, and will contribute its remaining pipe tobacco and accessories businesses. STG will transfer all of its tobacco businesses (cigars, pipe tobacco and fine cut tobacco) into the new company. The new company will also include distribution of lighters and matches supplied by Swedish Match in relevant markets. Closing of the transaction, which is subject to competition authority approvals, is expected to occur during the third quarter, 2010. “This is a major step towards our ambition to leverage our combined skills in the global cigar
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