The Absolut Company AB acquired L.O. Smith AB from Cefour Wine & Beverage Partihandel AB (publ) (XSAT:CEFO B) for €1 million in cash on May 6, 2016. Under the terms of the transaction, the consideration will be paid on July 1, 2016. The proceeds from the sale will be used for Cefour's continued expansion and sales work . The Absolut Company AB completed the acquisition of L.O. Smith AB from Cefour Wine & Beverage Partihandel AB (publ) (XSAT:CEFO B) on May 6, 2016.