Swedish Match plans to spin off and list cigar business - NewsBreak
By Vivian in Business
Updated 3 years ago
STOCKHOLM, Sept 15 (Reuters) - Tobacco and nicotine products maker Swedish Match plans to spin off its U.S. cigar business to shareholders and list it on the stock market, the company said. A spin-off would mean that Swedish Match, which sold its cigarette business in 1999, exits the combustible tobacco...