Imperial Tobacco the British tobacco company Imperial Tobacco Group PLC intends to absorb Altadis for ˆ11,52 mlrdhas directed the offer on merge to the international manufacturer of cigarettes Altadis. The sum of the prospective transaction - 11,52 mlrd euro.
According to extended a press - to release, the decision on acceptance or a deviation of the given offer should be accepted within three weeks. That the transaction has taken place, the consent not less than 80 % of shareholders Altadis is required.
As it became known, board of directors Altadis will discuss the given offer at meeting in the nearest some days. At decision-making the company will be guided by benefit for the company, its shareholders and employees.
company Imperial Tobacco is considered the fourth manufacturer on size of tobacco products in the world. Last years its owners conduct the active policy on acquisition of new brands. In particular, after acquisition of German concern Reemtsma in 2003 Imperial Tobacco has acquired the right to such marks, as West, Davidoff, R - 1.
Altadis - the company formed as a result of association of monopolists of France and Spain. Besides cigarettes it also makes world famous sigarilly and cigars. In particular, the Cuban and Dominican cigars enter into portfolio Altadis.