On 10 February 2010, the shares of Scandinavian Tobacco Group (“STG”) were admitted for trading on NASDAQ Copenhagen. Kromann Reumert served as legal adviser to STG and the selling shareholders, the Augustinus Foundation, the Obel Family Foundation and Swedish Match AB, on the IPO
Scandinavian Tobacco Group (originally Skandinavisk Tobakskompagni) is one of the world's leading manufacturers of cigars and traditional pipe tobacco, employing more than 8,100 employees around the globe.

The IPO is for up to 40,000,000 shares of a nominal value of DKK 1 (corresponding to 40 per cent of the shares in the company, after the exercise (if any) of a usual over-allocation right), to be sold at a price of DKK 100 per share, thus giving Scandinavian Tobacco Group a total market value of DKK 10 billion.

The IPO was carried out as a public tender in Denmark and as a direct placement with certain institutional investors in the United States and the rest of the world. Kromann Reumert served as chief legal adviser, advising STG and the selling shareholders throughout the planning and listing process.