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Scandinavian Tobacco (STGDC; Baa3/NR) Acquiring Mac Baren Tobacco

CONSUMER STAPLES
  • Announced acquisition of Mac Baren Tobacco (private co) for EV of DKK545m (€72m) and financed by "cash at hand and debt".
  • Only has a €300m 25s {ZO528119 Corp} - it's only bond issuance ever (from 2020) and only 3m par call (from June next year).

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