Imperial Tobacco now owns 96.92% of stock in Logista S.A., a Spanish Logistics Company..

May 10, 2008 - Imperial Tobacco now owns 96.92% of stock in Logista S.A., a Spanish Logistics Company.. In February 2008 Altadis was acquired by Imperial Tobacco, the world's 4th largest international tobacco company. At this time Altadis had a shareholding of 59.02% of Logista S.A. (Logista specilaizes in the planning, design and structure of logistics. Company activities include the planning and set up of a logistics chain to warehousing from product flow to informationbal control and analyses, necessary to improve the strategeic position of the company.) Now Imperial has obtained an additional 37.30% of that stock, bringing the company’s holding, through its Altadis subsidiary, to 96.92%. In a note posted on its website, Imperial said settlement of the offer, amounting to €866,512,552.50, was expected to take place on May 13. It said also that it intended to use the squeeze-out mechanism available to it compulsorily to acquire all of the outstanding Logista shares.

Some Imperial Tobacco Group news briefs: March 20, 2008, March 4, 2008; Imperial Tobacco successfully concludes acquisition of Altadis..; November 21, 2007; Britain's Imperial Tobacco Group is selling a number of fine cut and pipe tobacco brands to Philip Morris International (PMI) for EUR 254 million.
(TobacoWatch.org)