NorgesGruppen ASA signed a binding agreement to acquire 55% stake in Dagrofa A/S from Scandinavian Tobacco Group A/S on October 15, 2012. Dagrofa reported sales of DKK 21.5 billion and EBITDA of DKK 344 million in 2011. The transaction is subject to results of due diligence, regulatory approval and approval by Dagrofa shareholders and merchants ownership agreements and is expected to complete by 2012. The acquisition is to be finalized in the first half of 2013. FIH Partners acted as financial advisor to Scandinavian Tobacco Group A/S. PricewaterhouseCoopers acted as the financial advisor to NorgesGruppen in the transaction. Christian Lundgren and Jeppe Buskov of Kromann Reumert acted as legal advisor for Scandinavian Tobacco.

NorgesGruppen ASA completed the acquistion of 55% stake in Dagrofa A/S from Scandinavian Tobacco Group A/S on January 24, 2013.