Categories
· Business (Tobacco)
non-USA, by Country
· Morocco
Organizations
· Altadis
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Altadis will increase its interest in RTM from 80% to 100%
Jump to full article: Altadis, 2006-08-01
Intro: The Moroccan State has approved a decree law published on July 31 that extends the monopoly on the import and wholesale of tobacco products until December 31, 2010. The monopoly was granted to Régie des Tabacs du Maroc (RTM), which is 80%-owned by Altadis since 2003.
The decree law modifies law 46-02, which has governed the tobacco industry since April 2003. This law initially called for the elimination of the monopoly on the import and wholesale of tobacco products on December 31, 2007. Today’s decree law provides for a three-year extension.
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