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BRIEF-Swedish Match says intends to sell 9 pct of shares in STG
January 18, 2017 / 4:38 PM / 8 months ago

BRIEF-Swedish Match says intends to sell 9 pct of shares in STG

Jan 18 (Reuters) - Swedish Match Ab

* Swedish Match announces intention to place a portion of its shares of Scandinavian Tobacco Group

* Says price per share will be determined through an accelerated bookbuilding process to institutional investors

* Says bookbuilding period commences today, 18 january 2017, and may close at any time on short notice

* Swedish Match says Deutsche Bank and Nordea have been retained by Swedish Match cigars holding to explore opportunity to sell approximately 9 percent of total share capital of Scandinavian Tobacco Group

* The seller currently holds 18,069,906 shares, corresponding to 18.1 percent of the total number of shares and votes in STG Further company coverage: (Reporting by Stockholm Newsroom)

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