May 12, 1999 - RJR Nabisco sells international tobacco business to Japan Tobacco.. RJR Nabisco (National Biscuit Company) Holdings Corp. (NYSE: RN) today announced that it had completed the sale of its international tobacco business to Japan Tobacco, Inc. for $8 billion, including the assumption of $200 million of net debt. As announced on March 9, 1999, under the terms of the sales agreement, Japan Tobacco will acquire all of the business and trademarks of R.J. Reynolds International, including the international rights to Camel, Winston and Salem. Japan Tobacco acquires RJR Nabisco's int'l tobacco unit Asian Economic News, March 15, 1999 and RJR NABISCO AGREES TO SELL INTERNATIONAL TOBACCO BUSINESS FOR $8 BILLION; BOARD APPROVES SPIN-OFF PLAN FOR DOMESTIC TOBACCO COMPANY 9 Mar 1999 RJR Nabisco sells international tobacco business to Japan Tobacco..
May 12, 1999 - RJR Nabisco sells international tobacco business to Japan Tobacco.. RJR Nabisco (National Biscuit Company) Holdings Corp. (NYSE: RN) today announced that it had completed the sale of its international tobacco business to Japan Tobacco, Inc. for $8 billion, including the assumption of $200 million of net debt. As announced on March 9, 1999, under the terms of the sales agreement, Japan Tobacco will acquire all of the business and trademarks of R.J. Reynolds International, including the international rights to Camel, Winston and Salem. Japan Tobacco acquires RJR Nabisco's int'l tobacco unit Asian Economic News, March 15, 1999 and RJR NABISCO AGREES TO SELL INTERNATIONAL TOBACCO BUSINESS FOR $8 BILLION; BOARD APPROVES SPIN-OFF PLAN FOR DOMESTIC TOBACCO COMPANY 9 Mar 1999 BAT joins forces with Rothmans..
January 12, 1999 - BAT joins forces with Rothmans.. British American Tobacco plc (BAT) and Rothmans International BV - the world’s second and fourth largest international cigarette makers respectively - announced plans to merge, in a deal currently valued at £5.28 billion (£8.67 billion). If approved by regulatory authorities, the merger would create a powerful new company, with a combined annual volume of over 900 billion cigarettes. The merger means the new company can claim over 16% of the estimated global market of around 5.5 trillion cigarettes, compared with Philip Morris’s 17% share. The merger provides access to markets in Africa and Asia, and opens the door to the UK market, where its share immediately went from almost nothing to 14%.
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