Swedish Match provides update on plans for separation of its cigar business
On September 14, 2021, Swedish Match announced its intention to separate its cigar business via a spin-off to shareholders and a subsequent listing on a US national securities exchange. The separation was initially expected to be completed in the second half of 2022, at the earliest. While the Board of Swedish Match still has the strategic intent to separate the cigar business, and views this as a move that would further enhance the prospects for Swedish Match’s US smokefree business, as well as for its US cigar business, the Board has today decided to suspend the preparations for the
