Categories
· Business (Tobacco)
non-USA, by Country
· Sudan South
· Sudan North
Organizations
· Japan Tobacco
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Jump to full article: Tobacco Journal International, 2011-12-01
Intro: JT Group has completed the acquisition of Haggar Cigarette & Tobacco Factory Ltd. (HCTF) in North Sudan and Haggar Cigarette & Tobacco Factory Ltd. in South Sudan, a step that was announced on 28 July 2011.
HCTF sold over 4.5 billion cigarettes in 2010, said the JT Group, which puts the nominal value of HCTF at approximately USD 450 million (EUR 337 million). This values the transaction at 9.9 times of HCTF's 2010 underlying earnings before interest, tax, depreciation and amortization.
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