Photo: Sergey Venyavsky / RIA Novosti
Japanese company Japan Tobacco buys Russian manufacturer of cigarettes “Donskoy Tabak” for 1.6 billion dollars (about 90 billion). On Friday, March 16, reported the press service of the Japanese company.
“The JT group, after lengthy negotiations, agreed to acquire the company “Donskoy Tabak” with the aim to strengthen its number one position in Russia is the third largest tobacco market in the world,” the report says.
The deal will increase the share of Japan Tobacco’s market to about 40 percent and “immediate impact on profits,” I believe in the Japanese Corporation.
“Donskoy Tabak” is the fourth largest tobacco company in Russia. Its main brands: “Donskoy Tabak”, Kiss and Play. The company “Agrokom” Rostov businessman, former Deputy of the state Duma Ivan Savvidi.
In the fall of 2017, the head of the Ministry of health of Russia Veronika Skvortsova said that the country plans a further gradual increase in excise duties on tobacco. At the same time, the Eurasian anti-Smoking coalition was asked to bring the excise tax on tobacco products to the average European level. In the case of support of this initiative, the cost of a pack of cigarettes will be not less than 150 rubles.
Video, photo All from Russia.