Swedish Match to Sell the Cigarette Business to Austria Tabak..


June 1, 1999 - Swedish Match to Sell the Cigarette Business to Austria Tabak.. STOCKHOLM, Sweden--(BUSINESS WIRE)-- The main products of Swedish Match's cigarette business are Blend, Right, and John Silver. Swedish Match had a 48 percent market share in Sweden in 1998. The sale of the cigarette business is in line with Swedish Match's redefined strategy to concentrate its main resources and future investments in smokeless products and cigars. (Swedish Match to Sell the Cigarette Business to Austria Tabak for MSEK 4,800, Business Wire, June 1, 1999)
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