EU extends review of BAT/ST cigarette deal
BRUSSELS, June 9 (Reuters) - The European Commission on Monday delayed its decision on whether British American Tobacco (BATS.L: Quote, Profile, Research, Stock Buzz) can buy Skandinavisk Tobakskompagni's (ST) cigarette business for 2 billion pounds ($3.94 billion).
BAT wants to buy 100 percent of the cigarette assets of privately owned, Denmark-based ST with snus and roll-your-own tobacco in an immediately earnings-enhancing deal.
The Commission said the decision was delayed to June 27 from June 13, so that customers and competitors could review potential remedies that BAT has offered.
Such remedies are offered to fix competitive problems identified by the Commission, the EU executive. (Reporting by David Lawsky)
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