Spanish Cigarette Firm Set for Imperial Tobacco Takeover ; Tobacco

Summary


Major Midland-based cigarette company Imperial Tobacco has agreed an pounds 11 billion takeover offer for Spanish rival Altadis.

The deal will see the firm, currently the fourth-biggest tobacco manufacturer in the world, gain crucial new markets in Eastern Europe and the US.

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Extract


Spanish Cigarette Firm Set for Imperial Tobacco Takeover ; Tobacco

Imperial, which first made an approach for Altadis in March, has upped its offer for the Gauloises and Fortuna c...

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