ACCC OKs Tobacco Merger After Divestiture

Law360, New York (September 30, 2010, 12:54 PM EDT) -- Australia's competition watchdog has joined New Zealand's in giving a green light to a planned merger between Denmark's Scandinavian Tobacco Group AS and its rival Swedish Match AB.

The Australian Competition and Consumer Commission announced Thursday that it will not oppose the merger after Scandinavian agreed to sell some of its Australian cigar assets.

Scandinavian will sell its Wee Willem and Willem II cigar brands to an independent purchaser, the ACCC said.

“The ACCC is satisfied, taking into account the divestiture undertaking in relation to cigars,...
To view the full article, register now.