Categories
· Business (Tobacco)
· Cigars
· Roll-your-own
non-USA, by Country
· Denmark
Organizations
· BAT
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Jump to full article: AP, 2008-02-28
Intro: enmark-based Scandinavian Tobacco Group said Thursday it has sold its cigarette activities to British American Tobacco PLC, the world's second-largest quoted tobacco group in a €2.7 million (US$4.1 million) deal.
BAT acquired ST's flagship brand Prince and its other products North State, King's Original, Scotsman and Corner Red.
Scandinavian Holding, which controls 65 percent of ST, sold its shares in three companies — House of Prince, J.L. Tiedemanns Tobaksfabrik and Fiedler & Lundgren — to BAT. The companies employ a total of some 2,100 people, of which 730 work in Denmark.
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