News: Scandinavian Tobacco Group Stock

In the early hours of the morning stateside, news came from Copenhagen that the world’s largest cigar manufacturer was set to enter the stock market. The stock will be publicly offered on the Nasdaq OMX Copanhagen exchange.

According  Jorgen Tandrup the chairman of STG “A listing of Scandinavian Tobacco Group is a good opportunity. Stock market looks good at the moment.”

In addition to being the world’s largest cigar manufacturer, STG is also the world’s largest pipe tobacco company.

In 2012, STG was merged with Sweedish Match who owns 49 percent of the company.  STG owns CAO, Macanudo, and the names Partagas, Cohiba, La Gloria Cubana and Bolivar on the US Side.

Our friends at Halfwheel.com have an in-depth story on the announcement.

Via: Reuters