12:30 AM EDT, 07/23/2026 (MT Newswires) -- Scandinavian Tobacco Group A/S (STG.CO) said Wednesday it agreed to sell its Break and Moro fine-cut tobacco brands to Japan Tobacco Inc at a valuation of 176 million euros. The deal includes a contract manufacturing clause of up to three years. Completion is expected before the end of 2026, subject to regulatory approvals, among other customary closing conditions. The Copenhagen-listed cigar and tobacco company said the transaction is earnings dilutive but will not affect its 2026 guidance. Chief Executive Officer Niels Frederiksen said proceeds will be used to reduce the company's debt and leverage ratio.

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.