BTI - British American Tobacco p.l.c. - British American Tobacco
BTI
BTI
BTI - British American Tobacco p.l.c. - British American Tobacco
completes acquisition of Protabaco
British American Tobacco p.l.c.
Incorporated in England and Wales
(Registration number: 03407696)
Short name: BATS
Share code: BTI
ISIN number: GB0002875804
("British American Tobacco p.l.c." or "the Company")
British American Tobacco completes acquisition of Protabaco
British American Tobacco announced today it has completed its
acquisition of Productora Tabacalera de Colombia, S.A.S. (Protabaco),
the second largest cigarette company in Colombia, for an enterprise
value of US$452 million.
The completion follows earlier approval by Colombia`s competition
authority, the Superintendence of Industry and Commerce, on 2 August
2011.
Protabaco sold 5.5 billion domestic cigarettes in 2010 and the
transaction represents a multiple of 11.3 times US$40 million domestic
2010 EBITDA on net domestic revenues of US$110 million.
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12 October 2011
Sponsor: UBS South Africa (Pty) Ltd
Date: 12/10/2011 11:41:40 Produced by the JSE SENS Department.
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