Sale of 15 % of Skandinavisk owned by Færch to British American Tobacco
ATRIUM Partners advised Færch Holding
Sale of 15 % of Skandinavisk owned by Færch to British American Tobacco
Sector(s) : Consumer goods
Date : February 2008
Advisor(s) : Atrium Partners
Advised : Sell Side
Mid-Capital partner ATRIUM Partners advised Færch Holding
ATRIUM Partners has acted as financial advisor to Færch Holding in connection with the sale of the company’s 15 % ownership in Skandinavisk Holding A/S.
Skandinavisk Holding and British American Tobacco (BAT), who have a joint ownership of Skandinavisk Tobakskompagni, have agreed that BAT acquires Skandinavisk Tobakskompagni’s cigarette business, while Skandinavisk Holding acquires BAT’s shares in Skandinavisk Tobakskompagni. Skandinavisk Holding continues its ownership and activities within ST Cigargroup, Fritz Hansen, Dagrofa, Tivoli and other activities.
The total value of Skandinavisk Tobakskompagni has by the parties been agreed at approximately DKK 27,5 billion (EUR 3,7 billion).
In the future, Færch Holding intends to focus 100 % on the company’s own activities, including Færch Plast. ATRIUM Partners has for a longer period of time acted as strategic, business and financial advisor to the Færch group, including the ownership of Skandinavisk Holding and Skandinavisk Tobakskompagni.
In 2006 the Færch group had a turnover of DKK 826 million (EUR 110 million) and had a net result of DKK 222 million (EUR 30 million). Færch Holding is the mother company of Færch Plast.
Skandinavisk Tobakskompagni had a turnover of 42 billion DKK (EUR 5,6 billion) in 2006/07 and a net result of 2,3 billion DKK (EUR 0,3 billion).
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