[Headlines Only] [Top Stories Only]
Categories
· Business (Tobacco)
non-USA, by Country
· Italy
· Morocco
Organizations
· Altadis

Altadis: ETI Bid To Use Cheaper Criteria Than Morocco Buy 

Jump to full article: Dow Jones via Yahoo, 2003-06-24
Author: Vittorio Alessio, Dow Jones Newswires

Intro:

Altadis SA won't base its bid for Italian tobacco company Ente Tabacchi Italiano SpA on the expensive criteria that won it Morocco's tobacco monopoly for EUR1.3 billion, the Franco-Spanish tobacco company's co-Chairman, Jean Dominique Comolli, said Tuesday.

"Morocco's Regie des Tabacs Marocains will remain a monopoly at least until 2008. Moreover, the Italian (tobacco) market is much more mature," Comolli said during a presentation of Altadis' bid for ETI. He declined to provide any financial details.

Jump to full article »