Japan Tobacco to buy British rival Gallaher for 2.25 tril. yen

Japan Tobacco to buy British rival Gallaher for 2.25 tril. yen

TOKYO, Japan - Japan Tobacco Inc. President Hiroshi Kimura tells a press conference at a Tokyo hotel on Dec. 15 the world's No. 3 tobacco company has reached a basic agreement to buy smaller rival Gallaher Group Plc of Britain for 2.25 trillion yen (about $19.08 billion). Iit would be the largest-ever corporate acquisition by a Japanese firm. (Kyodo)

  • Product Code
  • ILEA000034667
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  • 2006/12/15 00:00:00
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  • Kyodo / Kyodo News Images
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