Basereporter.com August 1. Japanese company Japan Tobacco (JTI) has completed the acquisition of the Russian tobacco company “Donskoy Tabak”. This was announced on Wednesday by Japanese company.
“Japan Tobacco Inc. announced that the JT Group has completed the acquisition of companies “Donskoy Tabak” yesterday at the local Russian time,” the statement said.
“Purchase “the don tobacco” will allow JTI to complement its existing set of products with valuable brands “don tobacco” and expand sales network, with large capacity [Russian company]”, – emphasized in it. The statement also notes that the Russian market for many years has been a key to revenue growth.
June 15, the Federal Antimonopoly service of Russia allowed Japanese manufacturer purchase “the don tobacco”. It was reported that the amount of the transaction is $1.6 billion.