BAT (BATS LN, HOLD, T/P 5300p) announced today an agreement to buy some of Bulgarian cigarette maker Bulgartabac’s brands in a deal worth around €100m (£85m). The acquisition will increase BAT’s market share in Bulgaria to 40% up from 12%. Whitman Howard remains bullish about the outlook for European cigarette pricing.
13 Apr 2017
Brand acquisition in Bulgaria
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Brand acquisition in Bulgaria
British American Tobacco p.l.c. (BATS:LON) | 2,362 0 0.0% | Mkt Cap: 52,700m
- Published:
13 Apr 2017 -
Author:
Chris Wickham -
Pages:
5
BAT (BATS LN, HOLD, T/P 5300p) announced today an agreement to buy some of Bulgarian cigarette maker Bulgartabac’s brands in a deal worth around €100m (£85m). The acquisition will increase BAT’s market share in Bulgaria to 40% up from 12%. Whitman Howard remains bullish about the outlook for European cigarette pricing.