Scandinavian Tobacco Group A/S: Skandinavisk Holding A/S and Skandinavisk Holding II A/S Sign Merger Plan
(Thomson Reuters ONE) -
COMPANY ANNOUNCEMENT
No. 7/2017
Copenhagen, 31 March 2017
Skandinavisk Holding A/S and
Skandinavisk Holding II A/S sign merger plan
Scandinavian Tobacco Group A/S has been informed that Skandinavisk Holding A/S
and Skandinavisk Holding II A/S have today signed a plan to merge the two
companies. Skandinavisk Holding A/S will be the continuing entity in the merger.
Skandinavisk Holding II A/S owns 33.2% of the shares of Scandinavian Tobacco
Group A/S, and is the company's largest shareholder.
Skandinavisk Holding A/S owns 100% of the shares of Skandinavisk Holding II A/S
and is in turn owned 65% by Chr. Augustinus Fabrikker Aktieselskab (ultimately
the Augustinus Foundation) and 35% by C.W. Obel A/S (ultimately the Obel Family
Foundation).
The merger is expected to be completed before 30 June 2017.
Following completion of the merger, it is the intention of Skandinavisk Holding
A/S to distribute the company's holding of Scandinavian Tobacco Group A/S shares
to Chr. Augustinus Fabrikker Aktieselskab and C.W. Obel A/S, in proportion to
these parties' ownership of Skandinavisk Holding A/S.
For further information, please contact:
For media enquiries:
Kaspar Bach Habersaat, Director of Group Communications
phone: +45 7220 7152 or kaspar.bach(at)st-group.com
For investor enquiries:
Torben Sand, Head of Investor Relations
phone: +45 7220 7126 or torben.sand(at)st-group.com
About Scandinavian Tobacco Group
Scandinavian Tobacco Group A/S with its subsidiaries (the "Group") is a world
leading producer of cigars and traditional pipe tobacco. The Group also produces
fine-cut tobacco and sells tobacco-related accessories. The Group produces and
sells 3 billion cigars and 5,000 tonnes of pipe and fine-cut tobacco annually.
Scandinavian Tobacco Group believes it is the only company globally with a core
strategic focus on production and distribution in all of these tobacco
categories.
Scandinavian Tobacco Group holds market-leading positions in the machine-made
cigar market in Europe, the handmade cigar market in the US, the online and
catalogue retail sales of cigars in the US, the traditional pipe tobacco market
globally and in selected fine-cut tobacco markets.
Scandinavian Tobacco Group has a diversified portfolio of more than 200 brands
providing a complementary range of established global brands and local
champions. In the cigar segment, the brand portfolio comprises Café Crème, La
Paz, Macanudo, CAO, Partagas (US) and Cohiba (US). Pipe tobacco brands include
Captain Black, Erinmore, Borkum Riff and W.Ø. Larsen, while leading fine-cut
tobacco brands include Bugler, Break, Escort, Bali Shag and Tiedemanns.
As at 31 December 2016, the Group employed 7,600 people in the Dominican
Republic, Honduras, Nicaragua, Indonesia, Europe, New Zealand, Australia, Canada
and the US.
For more information please visit www.st-group.com.
Scandinavian Tobacco Group A/S
Sydmarken 42
DK-2860 Søborg
Denmark
CVR 31 08 01 85
Scandinavian Tobacco Group, re. SH-SH II merger plan 31.3.2017:
http://hugin.info/171738/R/2091757/790693.pdf
This announcement is distributed by Nasdaq Corporate Solutions on behalf of Nasdaq Corporate Solutions clients.
The issuer of this announcement warrants that they are solely responsible for the content, accuracy and originality of the information contained therein.
Source: Scandinavian Tobacco Group A/S via GlobeNewswire
Unternehmensinformation / Kurzprofil:
Datum: 31.03.2017 - 12:30 Uhr
Sprache: Deutsch
News-ID 533703
Anzahl Zeichen: 4064
contact information:
Town:
Søborg
Kategorie:
Business News
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Die Pressemitteilung mit dem Titel:
"Scandinavian Tobacco Group A/S: Skandinavisk Holding A/S and Skandinavisk Holding II A/S Sign Merger Plan"
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Scandinavian Tobacco Group A/S (Nachricht senden)
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