ADVERTISEMENT

EU extends review of BAT/ST cigarette deal

Deals

The European Commission delayed its decision on whether British American Tobacco can buy Skandinavisk Tobakskompagni's cigarette business for Ł2 billion ($3.94 billion).

BAT wants to buy 100% of the cigarette assets of privately owned, Denmark-based Skandinavisk Tobakskompagni with snus and roll-your-own tobacco in an immediately earnings-enhancing deal.

The Commission said the decision was delayed to June 27 from June 13, so that customers and competitors could review potential remedies that BAT has offered.

Such remedies are offered to fix competitive problems identified by the Commission, the EU executive. (Reuters)

ADVERTISEMENT

Rate-setters augur slower decline in CPI in 2022 Analysis

Rate-setters augur slower decline in CPI in 2022

Lawmakers approve residency permit for digital nomads Parliament

Lawmakers approve residency permit for digital nomads

The strongest move - Morgan Stanley Hungary head and Chess F... Podcasts

The strongest move - Morgan Stanley Hungary head and Chess F...

ITM, capital gov't agree on support for public transport City

ITM, capital gov't agree on support for public transport

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.