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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.   

Author: Irina Fomina

Tags: Russian business Russian companies investment   

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