Categories
· Business (Tobacco)
non-USA, by Country
· Italy
Organizations
· BAT
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(This updates an item timed 14:22 GMT adding BAT comment, share price)
Jump to full article: Dow Jones via Yahoo, 2003-05-29
Author: Vittorio Alessio, Dow Jones Newswires
Intro: British American Tobacco PLC has teamed up with Italy's retailers group Confcommercio in a bid to increase its chances in a EUR1.4 billion auction to buy state-owned tobacco company Ente Tabacchi Italiano SpA, a source familiar with the matter said Thursday.
"We notified (government adviser) Goldman Sachs of the agreement yesterday," the source said. Consulting firm Franco Bernabe Group has also joined BAT, the person said.
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