Brief: Scandinavian Tobacco Group To Acquire Alec Bradley Cigar Business

Scandinavian Tobacco A/S

22/02/2023 15:23

Feb 22 (Reuters) - Scandinavian Tobacco Group A/S  STOGR.CO :
    * TO ACQUIRE ALEC BRADLEY CIGAR BUSINESS
    * SCANDINAVIAN TOBACCO GROUP A/S - TRANSACTION IS VALUED AT USD 72.5 MILLION (ABOUT DKK 500
MILLION) ON A DEBT AND CASH FREE BASIS
    * DEAL IS EXPECTED TO BE CLOSED SHORTLY
    * ACQUISITION WILL BE FULLY FINANCED BY CASH AT HAND AND DEBT
    * DEAL IS EXPECTED TO BE MARGIN-, EPS- AND ROIC ACCRETIVE WHEN FULLY INTEGRATED

Source text for Eikon:  ID:nGNE6cFtnB 
Further company coverage:  STOGR.CO 
 (Gdansk Newsroom)
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