Jan 11 Britain's Imperial Brands, the
world's fourth-biggest tobacco company, said it had formed a
joint venture with China National Tobacco (CNTC), as it looks to
grow in China and international markets.
Based in Hong Kong, the joint venture - Global Horizon
Ventures Limited (GHVL) - will use China's largest tobacco
company, Yunnan Tobacco, to grow Imperial's West and Davidoff
brands in China.
"Further tobacco and next-generation product launches, as
well as potential M&A opportunities, will also be evaluated by
GHVL in due course," Imperial Brands said in a statement.
(Reporting by Noor Zainab Hussain in Bengaluru; editing by