Scandinavian Tobacco Group agrees to sell BREAK and Moro fine-cut tobacco brands to Japan Tobacco for EUR 176 million
Reuters2026/07/22 15:17- 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.
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