Edition:
India

JAPAN TOBACCO in deal to buy 30.95 pct stake in Ethiopia-based tobacco firm


Thursday, 21 Dec 2017 

Dec 21 (Reuters) - JAPAN TOBACCO INC <2914.T> ::Says it is in deal to acquire 30.95 percent stake in an Ethiopia-based tobacco firm National Tobacco Enterprise Share Company (NET), for $434.1 million, on Dec. 21.Co will raise stake in NET to 70.95 percent up from 40 percent currently .