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

Russias Donskoi Tabak may acquire 34% in Greeces cigarette maker Sekap
19.03.2013 21:14
Russias Donskoi Tabak may acquire  34% in Greeces cigarette maker Sekap

The largest Russian independent tobacco factory, Donskoy Tabak, has reached an agreement on acquisition of 34% of Greek cigarette maker Sekap, reports the RBC referring to Bloomberg. Sekap control stock is currently owned by the Greek state bank ATE, which is to sell out its non-core assets.

The sum of the deal is unlikely to exceed 20 million Euro. The tobacco factory may become for the Russian company a good start for entering Central and Southern European markets.

The Sekap market share in the national market amounted 8.3% in 2011. A big part of the production is exported.


Author: Irina Fomina

Tags: Russian business     

Next Previous

You might also find interesting:

Aeroflot has Once Again Become the Most Recognizable Aviation Brand in the World
German Gref: The Entire Economy Will Change Due to the Introduction Of the Blockchain
Small and Medium-sized Enterprises of Priority Economic Sectors will be Additionally Subsidised
Sberbank Opened a Commodity Trading Company
Sberbank Issued 10 Million MIR Cards

Comment on our site

RSS   twitter   facebook   submit

Bookmark and Share

Flowers Delivery

search on the map
Russia  Rosneft  contemporary art  Moscow  Elections 2012  Manon  Russian academy of sciences  Tula  map of monuments  Exhibitions in Moscow  Russian history  Russian Cinema  Raspberry Festiva  Russian oil companies  Russian startups  Omsk  human rights  Dmitrov  Stanislav Lomov  Yevgeny Boratynsky  Art Exhibitions  Mercedes-Benz Fashion Week Russia  book hotels in Russia  Krymskaya Naberezhnaya Street  the Sayano-Chouchensk reserve  Gelendzhik  Yuri Gagarin  Russian fashion  Russian Choir  Russian Literature  Vladimir Lenin (Ulyanov)  buy Russian designers  Russian Ballerinas  Denis Fonvizin  Volosozhar  Father Mazay  Russian Orthodox Church  Kirillo-Belozersky Reserve Museum  Moscow Architecture  Russian business  Russian airports  Winter starts from Yakutia  Archeology  Tyumen  Belorussky Railway  Erwin Wurm  Painting  Russian oil  Russian Folk Arts  Russian tourism 

Travel Blogs
Top Traveling Sites