Cigar deal completed


SCANDINAVIAN Tobacco Group (STG) has acquired Royal Agio Cigars.

The deal was given the green light by competition authorities last month.

Royal Agio is one of Europe’s leading cigar companies, with a portfolio of brands including Mehari’s, Panter and Balmoral.

Niels Frederiksen, chief executive of STG said: “I am very pleased that we have completed the acquisition of Royal Agio, which significantly strengthens our position in several key machine-made cigar markets in Europe and enables us to deliver an even more attractive range of cigars of the highest standards to our consumers.”