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Austria Tabak Takes Over Philip Morris Distribution in Estonia 

Jump to full article: Bloomberg News, 2000-10-16
Author: Jeremy Van Loon

Intro:

Austria Tabakwerke AG, which owns the country's only tobacco store chain, said it signed an agreement with Philip Morris Cos. to take over the distribution rights for the American cigarette maker's products in Estonia.

Austria Tabak said its Estonian subsidiary, Tobaccoland Estonia, will take over the distribution on Jan. 1, bringing its market share in Estonia to 90 percent from 27 percent. Financial details weren't disclosed.

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