http://www.tobacco.org/newsfeed/country/colombia.rss Latest top tobacco news headlines en-us http://www.pr-inside.com/new-market-study-smoking-tobacco-in-r2850865.htm http://tobacco.org/news/327350.html Water pipes, also known as narguila or hookah, are increasing in popularity in Colombia, especially among young adults. Young adults, particularly in urban environments like Bogota, partake in water pipe smoking at bars, usually with a group of friends. Most are unaware of the dangers of smoking tobacco and view narguila as a less dangerous alternative to smoking cigarettes. Despite this trend, water pipe smoking is still extremely small in Colombia. Euromonitor International's Smoking Tobacco in Colombia report offers a comprehensive guide to the size and shape of the market at a national level. It provides the latest retail sales data 2006-2010, allowing you to identify the sectors driving growth. It identifies the leading companies, the leading brands and offers strategic analysis of key factors influencing the market - be the new legislative, distribution or pricing issues. Forecasts to 2015 illustrate how the market is set to change. PR Insider Colombia Tue, 11 Oct 2011 04:00:00 GMT http://www.google.com/hostednews/afp/article/ALeqM5hbYl8U-QZj3XaDOdxwa1koyOtwbA?docId=CNG.bd5fc592df044e02e92b3ac83ab64f59.d11 http://tobacco.org/news/323976.html A ban on sales of loose cigarettes and tobacco advertising went into effect Thursday in Colombia, the health ministry said. The clampdown is part of an anti-tobacco law approved by Congress in June 2009, following a ban on smoking in enclosed public places in May 2008. Cigarettes can now only be sold in packets of 10 or more and tobacco companies are no longer allowed to advertise, including on foreign TV channels broadcasting in the country. All cigarette packets must also carry health warnings. Agence France Presse Colombia Fri, 22 Jul 2011 04:00:00 GMT http://www.heraldsun.com.au/news/breaking-news/buy-your-cigarettes-by-the-pack-colombians-told/story-e6frf7jx-1226099552656 http://tobacco.org/news/323842.html A BAN on the sale of individual cigarettes and tobacco advertising has come into effect in Colombia. Cigarettes can now only be sold in packets of 10 or more and tobacco companies are no longer allowed to advertise, including on foreign TV channels broadcasting in the country. All cigarette packets must also carry health warnings. Agence France Presse Colombia Fri, 22 Jul 2011 04:00:00 GMT http://feeds.univision.com/feeds/article/2011-07-21/colombia-prohiben-venta-de-cigarrillos?refPath=/noticias/america-latina/colombia/ http://tobacco.org/news/323765.html The sale of single cigarettes was banned from this Thursday in Colombia, where he also went into effect prohibiting any form of advertising or promoting the consumption of snuff allusive, the Ministry of Social Protection (Health). The bans are part of the development of a law passed by Congress in June 2009 aimed at discouraging the consumption of snuff. The law followed a measure adopted in May 2008 by the Ministry of Social Protection, which banned smoking in enclosed public places. From now on, the tobacco companies can not promote their brands across all media advertising, nor sponsor any sporting, cultural or any other social. Univision Colombia Thu, 21 Jul 2011 04:00:00 GMT http://business.scotsman.com/business/BAT-in-277m-swoop-on.6775039.jp http://tobacco.org/news/320625.html BRITISH American Tobacco (BAT) has bought the second-largest cigarette company in Colombia for $452 million (£277m). The UK group, which is acquiring Productora Tabacalera de Colombia, or Protabaco, is currently the number three player in Columbia - Latin America's fourth-biggest cigarette market. Mark Cobben, BAT's director for the Americas, said the deal would help the firm "fill a strategic gap" in the region. Protabaco sold some 5.5 billion cigarettes in 2010, accounting for almost one third of the domestic market. The Scotsman Colombia Fri, 27 May 2011 04:00:00 GMT http://www.ft.com/intl/cms/s/0/896dbc16-87c2-11e0-a6de-00144feabdc0.html http://tobacco.org/news/320569.html British American Tobacco has cashed in on Philip Morris’s antitrust problems with the purchase of Colombia’s second-biggest cigarette maker, a deal agreed by BAT’s US rival in 2009 but scuppered by competition authorities last year. Productora Tabacalera de Colombia makes Mustang cigarettes, the second most popular brand in the country, with an 18 per cent market share. The $452m (£277m) deal will make BAT the second-largest tobacco group in Colombia after Philip Morris. The privately owned company sold 5.5bn cigarettes last year, and its addition will boost BAT’s volumes in the Americas by 3.7 per cent to almost 200bn. It should add 2 per cent to sales in the region. BAT is paying the same price agreed by Philip Morris in July 2009, which represents a multiple of 11.3 times the Colombian company’s earnings before interest, tax, depreciation and amortisation of $40m last year. It will be funded by balance sheet cash. Financial Times Colombia Thu, 26 May 2011 04:00:00 GMT http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/leisure/8539181/British-American-Tobacco-chief-seals-first-deal-in-Colombia.html http://tobacco.org/news/320544.html BAT's new boss, who is part Brazilian, has returned to his home continent and sealed the takeover of Productora Tabacalera de Colombia, known as Protabaco. The deal will propel BAT from third to second position in the Colombian tobacco market, Latin America's fourth largest with total sales of 17bn cigarettes last year. Mark Coben, head of BAT's Americas business, said the acquisition would fill a "strategic gap" in the FTSE company's geographical footprint. Protabaco sold 5.5bn cigarettes in 2010, or close to one third of the Colombian market. Electronic Telegraph Colombia Thu, 26 May 2011 04:00:00 GMT http://www.dailymail.co.uk/money/article-1345303/British-American-Tobacco-bid-Colombian-firm.html?ito=feeds-newsxml http://tobacco.org/news/313360.html British American Tobacco, owner of the Dunhill, Rothmans and Benson & Hedges brands, is in talks to acquire a Colombian firm for more than £270million. BAT is understood to be putting together a bid for Protabaco, which has eight brands including Mustang and Premier, and is the second-biggest cigarette maker in the country. A spokesman said BAT, which already operates in Colombia, was keen to acquire the business, which employs more than 1,200 staff, after US cigarette group Philip Morris International pulled out of a bid. The Daily Mail and Mail on Sunday Colombia Sun, 09 Jan 2011 05:00:00 GMT http://www.businesswire.com/news/home/20110105006681/en/Philip-Morris-International-PMI-Ends-Pursuit-Colombian http://tobacco.org/news/313214.html "After an exhaustive review of our options, we regretfully have concluded that the transaction, in light of the conditions, would not satisfy the strategic and financial objectives that were originally envisaged and therefore we have decided not to pursue the acquisition of Protabaco" Philip Morris International Inc. (NYSE / Euronext Paris: PM) today announced that it would no longer pursue its intention to acquire Productora Tabacalera de Colombia, Protabaco Ltda. While approval to proceed with the acquisition was granted by the Superintendent of Industry and Trade of Colombia in October 2010, the approval was subject to several significant conditions and constraints that ultimately proved to be too burdensome. Business Wire Colombia Wed, 05 Jan 2011 05:00:00 GMT http://online.wsj.com/article/SB10001424052748704405704576063921751483208.html http://tobacco.org/news/313213.html Portofolio newspaper, which first reported the story Wednesday, said on its website that Philip Morris had until midnight Tuesday to meet certain conditions and file a request with anti-trust regulators to move forward with the takeover bid. Since it didn't do so, it or another suitor that may want to buy Protabaco would have to launch a new petition altogether. An official at the Colombian regulator's office, who asked not be identified, said a press release on the matter is expected to be released later Wednesday. The Wall Street Journal Interactive Edition Colombia Wed, 05 Jan 2011 05:00:00 GMT http://www.bloomberg.com/news/2011-01-05/philip-morris-int-l-drops-plan-to-buy-protabaco.html http://tobacco.org/news/313208.html Philip Morris International Inc., seller of Marlboro cigarettes overseas, said Wednesday it has dropped plans to buy privately owned Protabaco, the second-largest cigarette maker in Colombia. Colombia's Superintendent of Industry and Commerce approved Philip Morris's application to buy the company for $452 million late last year. But Philip Morris International, which makes Marlboro and other top-selling cigarettes for sale overseas, said the approval was subject to several conditions and constraints that "ultimately proved to be too burdensome." Associated Press Colombia Wed, 05 Jan 2011 05:00:00 GMT http://online.wsj.com/article/SB10001424052748703735804575535751906693476.html http://tobacco.org/news/308742.html Philip Morris International Inc. said it may not proceed with its planned $452 million bid to acquire privately owned cigarette maker Productora Tabacalera de Colombia, or Protabaco, in the wake of conditions handed down Tuesday by Colombia's antitrust regulator. The Altria Group Inc. spinoff is evaluating those conditions, and Philip Morris said Wednesday it expects to decide whether it will proceed with the deal within the next three months. The Wall Street Journal Interactive Edition tess.stynes@dowjones.com (TESS STYNES) Colombia Wed, 06 Oct 2010 04:00:00 GMT http://www.businesswire.com/news/home/20101006005892/en/Philip-Morris-International-PMI-Evaluates-Decision-Colombian http://tobacco.org/news/308664.html Philip Morris International Inc. (NYSE:PM)(Paris:PM) today announced that the Superintendent of Industry and Trade of Colombia has issued its final decision pertaining to PMI’s previously announced intention to acquire Productora Tabacalera de Colombia, Protabaco Ltda. in July of 2009. Approval to proceed with the acquisition has been granted subject to several significant conditions and constraints. PMI will now thoroughly review those conditions and determine whether or not the strategic rationale and financial attractiveness of the originally envisaged transaction can still be safeguarded in the best interest of its shareholders. Business Wire media@pmi.com Colombia Wed, 06 Oct 2010 04:00:00 GMT http://www.nasdaq.com/aspx/stock-market-news-story.aspx?storyid=201010052133dowjonesdjonline000424&title=philip-morris-bid-for-protabaco-approved-by-colombia-regulator http://tobacco.org/news/308654.html Colombia's antitrust regulator authorized Philip Morris International Inc. (PM) to buy local rival Productora Tabacalera de Colombia, or Protabaco, after rejecting the acquisition in a first decision in June. The Colombian antitrust watchdog set conditions for Philip Morris to acquire the privately held Protabaco. In June, the regulator had blocked the $452 million takeover, saying the acquisition would hamper competition in the local market since the Altria Group Inc. (MO) spinoff would control almost 80% of the Colombian cigarette market and would erect an obstacle for the entry of new producers and would become almost the sole buyer of tobacco leaves in the country. The Colombian regulator said Philip Morris will have to sell Protabaco's brand 'Premier,' and another brand of its choice, to a local or foreign competitor and offer to manufacture the cigarettes of those two brands for the buyer. NASDAQ colombia@dowjones.com Colombia Tue, 05 Oct 2010 04:00:00 GMT http://www.reuters.com/article/idUSN0510130120101006 http://tobacco.org/news/308653.html Colombia's competition authority on Tuesday placed conditions on the proposed $452 million acquisition by Philip Morris International Inc (PM.N) of a Colombian cigarette manufacturer. The move opened the door for the maker of Marlboro cigarettes to complete the deal to buy privately-held Productora Tabacalera de Colombia, Protabaco, Ltda, Colombia's second-largest cigarette maker. [ID:nN1550986] Reuters Colombia Tue, 05 Oct 2010 04:00:00 GMT