Thursday, July 28, 2011

Japan Tobacco says to buy Haggar Cigarette of Sudan/South Sudan

(Reuters) Japan Tobacco said it would buy all shares of Haggar Cigarette & Tobacco Factory Ltd of Sudan and South Sudan in a deal worth about $450 million, as part of a push to bolster its presence in emerging markets.
Haggar, maker of the Bringi cigarette brand, has more than an 80 percent market share in Sudan. The north African country had a total sales volume of about 5.5 billion cigarettes in 2010, said Japan Tobacco, the world's No.3 cigarette maker. Continued

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