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Japan Tobacco to buy Tribac Leaf 

Jump to full article: Financial Times (uk), 2009-06-12
Author: Lindsay Whipp in Tokyo

Intro:

Japan Tobacco on Friday said it would buy most of the UK’s Tribac Leaf, a tobacco leaf supplier, and set up a joint venture in the US to secure supplies amid high tobacco leaf prices.

The move is part of a push by the world’s third-largest tobacco group to make overseas acquisitions amid stagnating demand at home and in other developed markets. Japan Tobacco has about $1bn available for deals, it said.

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