Imperial Tobacco successfully concludes acquisition of Altadis..


January 28, 2008 - Gareth Davis, CEO of Imperial Tobacco, said: "I am delighted to announce the successful conclusion of our acquisition of Altadis. This is a significant milestone for Imperial Tobacco, consolidating our position and enhancing our platform for continued and sustainable growth."

Imperial Tobacco also intends to launch a tender offer for the shares of logistics company Logista, which are not already owned by Altadis, for a price of E52.50 per Logista share. This values the outstanding Logista shares at a total of approximately E910 million (excluding treasury shares).

Altadis is the result of a 1999 merger between Tabacalera, the former Spanish tobacco company snd SEITA, the former French tobacco monopoly.

Reference: Imperial Tobacco successfully concludes acquisition of Altadis, Datamonitor, 1/28/2008.

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