Japan Tobacco Inc (2914.T)

2914.T on Tokyo Stock Exchange

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Mon, Aug 6 2018


Japan Tobacco buying Bangladesh Akij's tobacco business for $1.5 billion

TOKYO Japan Tobacco Inc is buying the tobacco business of Bangladesh's Akij Group for around $1.5 billion, its second major purchase in five months as the world's third-biggest cigarette maker seeks new growth markets to offset shrinking sales at home.

UPDATE 2-Japan Tobacco buying Bangladesh Akij's tobacco business for $1.5 bln

* Akij is Bangladesh's No.2 cigarette maker with 20 pct share (Updates milestone in paragraph 2 to show this is biggest ever deal involving a Bangladeshi company)

Japan Tobacco to buy tobacco business of Bangladesh's Akij for $1.5 bln

TOKYO, Aug 6 Japan Tobacco Inc said on Monday it had agreed to buy the tobacco business of Akij Group, Bangladesh's second-biggest tobacco company, for about 124.3 billion BDT ($1.48 billion) to further boost its presence in Asia.

Japan Tobacco to cut heated tobacco prices in battle with Philip Morris

TOKYO, May 31 Japan Tobacco Inc is set to slash prices on its heated tobacco products early next week after a similar move by bigger rival Philip Morris International Inc, signalling increased competition in Japan's nascent market for alternative cigarettes.

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