Brief: Scandinavian Tobacco Group To Acquire Royal Agio Cigars

Scandinavian Tobacco A/S

16/09/2019 11:36

Sept 16 (Reuters) - Scandinavian Tobacco Group A/S
 STOGR.CO :
    * REG-SCANDINAVIAN TOBACCO GROUP A/S TO ACQUIRE ROYAL AGIO
CIGARS,
A LEADING EUROPEAN CIGAR COMPANY
    * REG-SCANDINAVIAN TOBACCO GROUP A/S TO ACQUIRE ROYAL AGIO
CIGARS,
A LEADING EUROPEAN CIGAR COMPANY
    * TRANSACTION IS VALUED AT EUR 210 MILLION
    * SCANDINAVIAN TOBACCO GROUP'S FULL-YEAR FINANCIAL GUIDANCE
FOR
2019 IS UNCHANGED
    * COMPLETION CURRENTLY EXPECTED TO OCCUR IN FIRST HALF OF
2020
    * TRANSACTION IS EXPECTED TO BE EPS ACCRETIVE NO LATER THAN
IN
YEAR 2 AFTER COMPLETION
    * AMBITION OF DELIVERING AN ANNUAL GROWTH IN ORDINARY
DIVIDEND
PAYMENTS IS UNCHANGED, INCLUDING FOR FINANCIAL YEAR 2019

Source text for Eikon:  ID:nGNE5RLtFQ 
Further company coverage:  STOGR.CO 

 (Gdynia Newsroom)
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