ACCC not to oppose tobacco acquisition after proposed sale of cigar assets

(M2 PRESSWIRE via COMTEX) The Australian Competition and Consumer Commission will not oppose the proposed acquisition of Swedish Match AB by Scandinavian Tobacco Group A/S after competition concerns were resolved by a court enforceable undertaking.
The undertaking proposed by Scandinavian Tobacco Group offers to sell certain Australian cigar assets, including the Wee Willem and Willem II cigar brands, to an independent purchaser. Continued