Japan Tobacco Inc (2914.T)
19 Sep 2018
Mon, Aug 6 2018
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.
* 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)
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.
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.