SOFIA, April 12 British American Tobacco (BAT)
said on Wednesday it had agreed with Bulgarian
cigarette maker Bulgartabac to acquire some of its leading
cigarette brands in a deal worth more than 100 million euros
BAT said the acquisition of the Victory, Eva Slim and GD
brands would help expand its market share in Bulgaria to 40
percent from 12 percent and said the deal would also include
retail and distribution assets in the country and in Bosnia.
The deal is subject of anti-trust approvals and is expected
to be concluded by the end of June this year, the company said
in a statement.
($1 = 0.9420 euros)
(Reporting by Tsvetelia Tsolova; Editing by David Holmes)