Sweden's news in English

Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

New York office sale nets Swedish Match $70m

Share this article

15:05 CEST+02:00
Swedish Match AB said it has sold the New York office of its General Cigar unit to Rockrose Corp for $70 million, making a capital gain after tax of 90 million kronor.

The company said the office sale is connected to the integration of General Cigars into its business.

It expects the sale to have a positive effect on cash flow of 300 million kronor after tax.


Get notified about breaking news on The Local

Share this article

From our sponsors

How to work 9-5 and travel the rest of the time

A full-time job shouldn't stop you from satisfying your wanderlust. The Local spoke to Travel After 5 blogger Alline Waldhelm to find out her tips and tricks for travellers who only have 25 days of annual leave.