Jump to full article: Agence France Presse (AFP) (fr), 2009-10-28
Intro: British American Tobacco, maker of Lucky Strike and Kent cigarettes, said Wednesday that sales strengthened in the first nine months of the year thanks to a string of acquisitions.
Sales volumes climbed two percent to 533 billion cigarettes in the nine months to the September, compared with the same period of 2008, BAT said in a trading update.
BAT became the market leader in Denmark and Norway after buying Skandinavisk Tobakskompagni's cigarette businesses for 2.06 billion pounds (3.1 billion dollars) in 2008. That was followed by the acquisition of Turkish group Tekel.
"Group revenue for the nine months grew strongly, driven by the continued good pricing momentum and volume growth from the acquisitions made in the middle of last year," BAT said in a statement.
It added that sales were also boosted by the more recent acquisition of an 85-percent stake in Indonesian group Bentoel in June.
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