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期货公司和证券公司Japan Tobacco to buy Philippine cigarette maker Mighty for $936 million

时间:2020-07-08 14:52:28 出处:浪莎股份-线上股票官网-权威专注如何看股票交易名单
FIL期货公司和证券公司e PHOTO: Japan Tobacco Inc (JT) head期货公司和证券公司quarters building is seen in Tokyo, Japan, 期货公司和证券公司may 18, 2016. REUTERS/Toru Hanai/File Photo

TOKYO (Reuters) - Japan Tobacco Inc (2914.T) said on Tuesday it would buy the Philippines’ No. 2 cigarette maker Mighty Corp for about $936 million, its second large deal in Southeast Asia this month as it deepens its push into emerging markets.

The acquisition will help Japan Tobacco, which sells the Winston, Mevius and Camel brands in the Philippines, challenge the local dominance of PMFTC Inc, a venture owned by a Philip Morris International (PM.N) and unlisted Fortune Tobacco Corp.

Facing a shrinking smoking population at home, the world’s fourth-biggest cigarette maker this month announced it would buy an Indonesian maker of “kretek” tobacco and clove cigarettes, together with its distributor, for $677 million. Including debt, the deal was valued at around $1 billion.

Japan Tobacco has said it is also looking for acquisitions in Africa and Latin America.

The latest deal will help Mighty Corp pay unpaid taxes in the Philippines. The company was charged with avoiding 37.88 billion pesos in taxes, and offered to pay 25 billion pesos with funds from the sale, the Philippines’ Department of Finance said in July.

The transaction is expected to be completed in the third quarter after regulatory approvals, Japan Tobacco said in a statement.

(This version of the article corrects brand in paragraph 2 to Mevius from Mild Seven following rebranding)

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