23 Sep 2010

Danish and Swedish tobacco companies to merge NZ operations

3:14 pm on 23 September 2010

The Commerce Commission has granted approval for Danish company Scandinavian Tobacco Group to merge its cigar and pipe tobacco business in New Zealand with Swedish Match.

Swedish Match is a Swedish-based company which supplies similar products to Scandinavian Tobacco in New Zealand.

The commission says it is satisfied the acquisition won't substantially lessen competition in the market.