Swedish Match agrees to sell South African operations to Philip
Morris International>
Swedish Match agrees to sell South African operations to Philip Morris International
(Thomson Reuters ONE) - Swedish Match AB [publ] announced today that it has reached anagreement to sell its South African operations, Swedish Match SouthAfrica (Proprietary) Limited ("SMSA") to Philip Morris International[NYSE/Euronext Paris: PMI] ("PMI") for a purchase price amounting to1.75 billion ZAR.The transaction is subject to approval by the South AfricanCompetition Authority and is expected to be completed during thesecond half of 2009.SMSA is the South African leader in OTP (other tobacco products),with a No. 1 position in the pipe tobacco category through thewell-recognized Boxer and Best Blend brands; SMSA also has a No. 2position in the nasal snuff category with its Taxi brand. In 2008 thepipe tobacco and nasal snuff businesses had total sales of 687million ZAR."This agreement with Philip Morris International is in line withSwedish Match's strategy to focus on smokefree tobacco, cigars andlights products. SMSA will continue to be a strong player in SouthAfrica and we believe that PMI will benefit significantly from itsdeeply-entrenched and highly-recognized brands and its dedicatedpeople" said Lars Dahlgren, President and CEO of Swedish Match AB.SMSA will continue to distribute lighters, matches and cigars forSwedish Match. ____________Swedish Match produces and sells market-leading brands in smokefreetobacco products, cigars, pipe tobacco and lights products. TheCompany sells products across the globe, with production units in 11countries. The Group's global operations generated sales of 13,879MSEK for the twelve month period ending March 31, 2009. The SwedishMatch share is listed on the NASDAQ OMX Stockholm (SWMA). ____________ Swedish Match AB (publ), SE-118 85 Stockholm Visiting address: Rosenlundsgatan 36, Telephone: +46 8 658 02 00 Corporate Identity Number: 556015-0756 www.swedishmatch.com ____________For further information, please contact:Henrik Brehmer, Senior Vice President Corporate CommunicationsOffice +46 8 658 0452, Mobile +46 76 111 3414Emmett Harrison, Vice President, Investor RelationsMobile +46 70 938 0173Lennart Freeman, President, Swedish Match International Division (GMT-5)Office +1 804 302 1700, Mobile +1 804 400 7015http://hugin.info/1228/R/1326682/312317.pdfThis announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.
Bereitgestellt von Benutzer: hugin
" alt="Intec Contract Win>">
" alt="Novator Finland Oy disposes all Amer Sports shares>">Datum: 02.07.2009 - 08:58 Uhr
Sprache: Deutsch
News-ID 3160
Anzahl Zeichen: 0
contact information:
Town:
London
Kategorie:
Business News
Diese Pressemitteilung wurde bisher 217 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"Swedish Match agrees to sell South African operations to Philip
Morris International>"
steht unter der journalistisch-redaktionellen Verantwortung von
Swedish Match AB (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
