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.

AFP

Get notified about breaking news on The Local

Share this article

From our sponsors

The ‘fairytale' boarding school nestled in a Swedish village

The words ‘boarding' and ‘school' often summon images of strict teachers, drab dormitories and downcast children. That image couldn't be further from reality at Sigtunaskolan Humanistiska Läroverket (SSHL), where boarders describe the ‘fairytale' school as a home away from home.

Advertisement