As previously announced, the new Scandinavian Tobacco Group (STG) formed October 1, 2010, has a financial strategy stipulating a target net debt of two to three times EBITA. STG has now secured external financing in line with its financial strategy, and as a consequence of this, STG has made a repayment of loans of 170 MEUR to Swedish Match. The loans were given from Swedish Match to STG in connection with the formation of the new company and include the 30 MEUR cash consideration as compensation for the relative differences in enterprise values of the businesses contributed from the former Scandinavian Tobacco Group and Swedish Match. Final purchase
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