Swedish Match Plans to Break Up and List Cigar Companies

Swedish Match Plans to Break Up and List Cigar Companies

The company generates the bulk of profits from its Swedish-style snuff “snus”, and its tobacco-free nicotine pouch business is growing rapidly. (Reporting by Anna Ringstrom; Editing by Clarence Fernandez) “The separation is expected to be completed during the second half of 2022, at the earliest.”

“Swedish Match has initiated preparations for a separation and a subsequent listing on a major U.S. securities exchange,” it said in a statement on Tuesday.

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