Firms eye M&As via tobacco JV
Print Edition
BRITAIN’S Imperial Brands, the world’s fourth-biggest tobacco company, has moved to gain a foothold in the largest cigarette market through a joint venture with state-owned China National Tobacco (CNTC).
The Hong Kong-based Global Horizon Ventures Ltd venture will link Imperial with CNTC subsidiary Yunnan Tobacco, which controls over one fifth of the Chinese market.
“Further tobacco and next-generation product launches, as well as potential M&A opportunities, will also be evaluated by GHVL in due course,” Imperial Brands said. The two firms said the venture will grow Imperial’s West and Davidoff brands in China, and Yunnan’s Jade and Horizon brands globally.
- About Us
- |
- Terms of Use
- |
-
RSS - |
- Privacy Policy
- |
- Contact Us
- |
- Shanghai Call Center: 962288
- |
- Tip-off hotline: 52920043
- 娌狪CP璇侊細娌狪CP澶05050403鍙-1
- |
- 浜掕仈缃戞柊闂讳俊鎭湇鍔¤鍙瘉锛31120180004
- |
- 缃戠粶瑙嗗惉璁稿彲璇侊細0909346
- |
- 骞挎挱鐢佃鑺傜洰鍒朵綔璁稿彲璇侊細娌瓧绗354鍙
- |
- 澧炲肩數淇′笟鍔＄粡钀ヨ鍙瘉锛氭勃B2-20120012
Copyright 漏 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
