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Japan Tobacco Inc (2914.T)

2914.T on Tokyo Stock Exchange

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14 Dec 2018
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Mon, Aug 6 2018

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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.

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