The European Commission delayed its decision on whether British American Tobacco can buy Skandinavisk Tobakskompagni's cigarette assets for GBP 2 billion (EUR 2.5 billion).

British American Tobacco (BAT) wants to buy 100 per cent 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 27 June from 13 June, so that customers and competitors could review potential remedies that BAT has offered. (pi)