EUROPE/MIDDLE EAST/AFRICA

摘要

Recent Copenhagen debutant Scandinavian tobacco Group closed above its IPO price for the first time on Wednesday afternoon, which will no doubt have pleased its new Californian shareholder, Capital. The investment manager acquired 5.092m shares in the public offering of 35.6m secondary shares, representing 5.09% of the share capital, according to a filing dated February 17. The maker of cigar and pipe tobacco brands including Cafe Creme and Cohiba made its trading debut last Wednesday, having survived the market turmoil to become the largest tobacco IPO since Caroline Group came to the market in 2002. Pricing for the 40% listing was at DKr100, but the shares stubbornly refused to move above until Wednesday, rising to DKr100.20. The shares were changing hands around SKr100.50 on Friday afternoon.