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Scandinavian Tobacco Group

Royal Agio Cigars Sold To Parent Group of General Cigars

The parent company of General Cigars, ┬áScandinavian Tobacco Group has completed a deal for the acquisition of all of the shares of Agio Beheer B.V. from Highlands Beheer B.V. Agio Beheer B.V. is the holding company of the Royal Agio Cigars. The transaction is valued at EUR 210 million (UD 231 millon). The Scandinavian Tobacco Group acquisition will be financed by cash at hand and debt. The transaction is subject to satisfactory conclusion of a […]

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News | Scandinavian Tobacco Group In Talks For Sale

According to a report on Bloomberg news, the owners of Scandinavian Tobacco Group are in talks with private equity firms about a possible sale of the company. According to unnamed sources of Bloomberg, CVC Capital Partners Ltd., Rhone Capital LLC and Pamplona Capital Management LLP, are bidding for the Copenhagen-based company Scandinavian Tobacco Group employs over 9,000 people in 20 countries and in 2010 merged with the cigar and pipe tobacco business of Swedish Match. […]

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