British American Tobacco buys Colombia's Protabaco

(MarketWatch) British American Tobacco PLC (BATS.LN)Thursday said it has bought Colombia's second-largest cigarette company by sales and market share, Productora Tabacalera de Colombia SAS, or Protabaco, for $452 million, filling a strategic gap in its operations in Latin America.
The acquisition will enlarge BAT's presence in the country, which is Latin America's fourth largest cigarette market which had total industry sales of around 17 billion cigarettes last year. Continued