Add to favorite
 
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Large Russian Cigarette Producer to be Sold to Foreign Investors
22.11.2011 17:08
Large Russian Cigarette Producer to be Sold to Foreign Investors

The last large Russian cigarette producer Donskoy Tabak may be sold to foreign investors by March 2012, reports Russian mass media.   

      
The potential buyer is the British Imperial Tobacco. The evaluation cost of the company is about $ 200 -250 million.

      
Donskoy Tabak, one of the oldest tobacco producers in Russia, has produced 23.6 billion cigarettes for the nine months of the current year. About 4.1 billion of cigarettes for the sum of $ 38.7 million were exported; it is nearly twice as much as for the same period last year. The total company’s share in the Russian cigarette market is about 8%. About 87.4 shares of the company is owned by the family of State Duma Deputy Ivan Savvidi.   

      

www.rostov.kp.ru


      

www.bfm.ru


Author: Irina Fomina

Tags: Russian business Russian companies investment   

Next Previous


You might also find interesting:

Russian Museums Forecast Losses Caused by Pandemic
07.04.2020
Russia is in the Top 5 European Countries with the Worst Consumer Sentiment
25.07.2020
Mastercard Launched a Non-cash Tip Service in Russia
11.08.2020
23 Russian Companies Entered the List of the Largest in the World
15.05.2020
Tinkov Lost Control of TCS Group after the Conversion of Voting Shares
11.01.2021



comments powered by Disqus




Comment on our site


RSS   twitter   facebook   submit

Bookmark and Share


TAGS:
Festivals in Moscow  Chechnya  Russian space exploration  Cancer  Alexander Mayorov  Sukhoi Superjet 100  Russian tourism  International Media Art Festival "Cyberfest"  Russian business  Izhevsk  Russian communism  Russian opera  Arkhangelsk  Ufa  Open Stunt Festival   Baksan  Multimedia  Shchi  Voronezh   Russian scientists  nanotechnology  World War II  Russian regions  Israel  Suzdal  Feodor Shalyapin  Smolensk  Vasily Tropinin  Moscow traffic jams  travel to Russia  Novgorod Region  corruption  Yaroslavl Region  Russian places of interest  Moscow  Transaero  Lucifer  Russian Healthful Cuisine  Vetoshny Art Centre  train tickets Russia FIFA  Zenit St. Petersburg  St. Petersburg  Press  Modern Art  Open-Air Concerts  Russian Cinema  Exhibitions in Moscow  public-private partnership  Mercedes-Benz Fashion Week Russia  Shiveluch 


Travel Blogs
Top Traveling Sites