June 13 is the deadline set by the European Commission for its inquiry of BAT’s proposed acquisition of Skandinavisk Tobakskompagni's cigarette assets according to Thomson Financial.
No financial details were disclosed. In February, BAT announced that it would pay about USD 4.2 billion for the cigarette business and certain certain snus and roll-your-own tobacco operations of Skandinavisk Tobakskompagni to raise its market share to more than 60 per cent in Scandinavia and about a third in Poland. (pi)
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