Scandinavian Tobacco Group agrees to sell BREAK and Moro fine-cut tobacco brands to Japan Tobacco for EUR 176 million

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Reuters2026/07/22 15:17

By:Reuters

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Scandinavian Tobacco Group signed an asset deal to sell fine-cut tobacco brands BREAK and Moro to Japan Tobacco for EUR 176 million.
Closing expected before year-end, subject to customary conditions including antitrust clearances.
In 2025, the brands contributed about 4% of reported net sales, gross profit before special items; about 6% of EBITDA before special items.
Proceeds earmarked for debt reduction; leverage ratio expected to fall below the 2.5x target at completion.
Deal seen dilutive to earnings; 2026 net sales growth, EBIT margin guidance maintained; free cash flow to benefit at closing from inventory transfer.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Scandinavian Tobacco Group A/S published the original content used to generate this news brief via GlobeNewswire (Ref. ID: 202607221117OMX_____CNEWS_EN_GNW1001213968_en) on July 22, 2026, and is solely responsible for the information contained therein.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Scandinavian Tobacco Group agrees to sell BREAK and Moro fine-cut tobacco brands to Japan Tobacco for EUR 176 million

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