LONDON, UK: Tobacco giant Philip Morris International (PMI) will buy all of the issued and to be issued ordinary shares of Vectura at the rate of 150 pence in cash for each share. The acquisition values the entire issued and to be issued ordinary share capital of Vectura at approximately £1.045 billion. On 26 May…
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Imperial Brands plc
Imperial Brands plc, formerly Imperial Tobacco Group plc, is a British multinational tobacco company headquartered in Bristol, United Kingdom. It is the world’s fourth-largest international cigarette company measured by market share after Philip Morris International, British American Tobacco, and Japan Tobacco, and the world’s largest producer of cigars, fine-cut tobacco, and tobacco papers. Imperial Brands…
Essentra Plc forms joint venture company in China
LONDON: Essentra plc has signed an agreement for the establishment of a new joint venture (JV) company in China, China Tobacco Essentra (Xiamen) Filters Co., Ltd. to produce specialist and next generation filters, which the JV plans to manufacture locally in a new facility in Xiamen, and will incorporate a state-of-the-art development and testing centre.…