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
- 沪ICP证：沪ICP备05050403号-1
- |
- 互联网新闻信息服务许可证：31120180004
- |
- 网络视听许可证：0909346
- |
- 广播电视节目制作许可证：沪字第354号
- |
- 增值电信业务经营许可证：沪B2-20120012
Copyright © 1999- Shanghai Daily. All rights reserved.Preferably viewed with Internet Explorer 8 or newer browsers.
