Exclusive insights: Louis-Charles Levy (shareholder of Intertabak AG) talks about alleged negotiations to sell the shares
Since around the end of April 2024, rumors have been circulating in the online media and by word of mouth that the shareholders of Intertabak AG, Villiger / Levy, want to sell their shares in Habanos S.A. and are currently negotiating the price. According to a distributor, this step was decided at a board meeting. What is the truth behind the rumors? The co-owner and member of the Board of Directors, Louis-Charles Levy, has now spoken exclusively to Zigarren.Zone.
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I have communicated with Mr. Levy. Mr. Levy's statement is included in this article in the original French and in a German translation.
Looking back: What happened?
In April 2024, it was announced that Habanos S.A., an organization run by the Cuban government, was planning to change its export strategy. This organization is responsible for exporting Cuban cigars worldwide. The new plans envisage a significant reduction in deliveries to markets where Habanos S.A. does not have full control over distribution.
This strategic decision is part of a comprehensive restructuring of Habanos S.A.'s distribution channels with the aim of gaining global control of the distribution networks. The importer in Switzerland, Intertabak AG, belongs to 50% Habanos S.A., 25% Villiger and 25% Levy.
Here are two articles at Zigarren.Zone:
Exclusive contract secured: 5TH Avenue 2024 with statement by Mr. Levy on Intertabak AG
Intertabak AG struggles for Cuban cigar supply in Switzerland
Takeover rumors: the facts
The following is the German translation of the document I received from Mr. Levy.
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"There are currently a number of rumors circulating that relate to Intertabak AG. The first would be a change in the shareholder structure. A simple glance at the commercial register would be enough for anyone who is curious to make sure that this is not the case.
The shareholding is still the same.
I can confirm that no one has approached me about a change.
The second rumor says that deliveries for 2024 will fall by 40 %. There will be a decline in deliveries. The original production problems have not stabilized to date. This circulating figure corresponds to the reality of another distributor. Ours is lower.
The fact that all mixed distribution partners were officially informed of this decline is entirely consistent with respect for shareholder relations.
However, this is not an indication of a possible reduction in delivery volumes.
Switzerland was the third most valuable country in 2023 and the fifth most valuable country in terms of volume. This is a testament to its maturity, solidity and the complete professionalism of the Intertabak AG team."
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Note: No shareholders and their shares are publicly visible in the extract from the commercial register.
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Here is the original French text:
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Resources on the topic
Extract from the Commercial Register Canton Basel-Landschaft: Intertabak AG:
Article at Zigarren.Zone:
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