EQT and owner family divest Fertin Pharma to Philip Morris International for DKK 5.1bn

Tobacco giant Philip Morris International buys Fertin Pharma from capital fund EQT and the Bagger-Sørensen family for DKK 5.1bn.

Photo: PR / Fertin Pharma

Private equity firm EQT and the Bagger-Sørensen family have sold the nicotine gum manufacturer Fertin Pharma to tobacco giant Philip Morris international, according to a Thursday press release naming the price at DKK 5.1bn (USD 813m).

In December 2016, EQT bought the majority of the shares in Fertin Pharma from the Bagger Sørensen family, which was also once responsible for chewing gum company Dandy known for brands such as Stimorol and V6. Back then, the Bagger-Sørensen family retained 30 percent of the shares.

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