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The transaction, the terms and conditions of which were not disclosed, will see Scandinavian Tobacco acquire the entire Torano Family portfolio, assuming responsibility for ownership and distribution

Nicotine can affect emotional regulation and can permanently lower impulse control

Furthermore, stringent regulatory authorities' rules in the European Union are a major factor that can hamper market growth during the forecast period

Hana Ross, an Honorary Research Associate at the University of Cape Towns School of Economics, estimates that smoking could incur annual medical and social costs of around HK$44.8 billion for Hong Kong