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Imperial Tobacco Will Offer to Buy Rest of Logista (Update6) 

Imperial Tobacco Group Plc plans to pay 910 million euros ($1.3 billion) for the shares it doesn't own in Compania de Distribucion Integral Logista SA, Spain's largest cigarette distributor, after a takeover gave it a majority stake.

Imperial, Europe's second-biggest publicly traded cigarette maker, inherited its 59.6 percent stake in Logista after gaining control of Altadis SA in a 12.6 billion-euro bid. Chief Executive Officer Gareth Davis said it's buying Madrid-based Logista because it would be too hard to find a private-equity bidder during a three-month deadline imposed by regulators.

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