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| SPAIN |
Imperial Tobacco increases Logista stake
08 May 2008.
Imperial Tobacco Group's unit Altadis has obtained an additional 37.30 per cent of Cia de Distribucion Integral Logista, raising its stake in the unit to 96.92 per cent, stated the Spanish bourse regulator, CNMV.
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| BULGARIA |
Plovdiv cigarette factory shuts down
07 May 2008.
The cigarette factory in Plovdiv, Bulgaria's second-largest city, is run by Bulgartabac, the country's state-owned tobacco monopoly, and it will cease operation on 12 May.
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| CANADA |
Prison smoking ban takes effect
06 May 2008.
The first stage of a widespread smoking ban has been rolled out in federal prisons.
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| UNITED STATES |
Philip Morris USA raises cigarette prices
05 May 2008.
Philip Morris USA has announced a hike of nine cents per pack on its Marlboro, Basic, L&M and other cigarette brands, reported Reuters.
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Oregon court rejects class-action suit
02 May 2008.
The Oregon State Supreme rejected a class-action lawsuit against cigarette manufacturers to pay for medical monitoring costs.
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| SWITZERLAND |
PMI warns against mini-tender offer
02 May 2008.
According to a press release by Philip Morris International (PMI), the company recommends the rejection of an offer by TRC Capital Corporation to purchase up to 2 million shares for USD 49.25 per share.
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| PHILIPPINES |
Philip Morris allots USD 21 million in CAPEX
02 May 2008.
Philip Morris Philippines Manufacturing (PMPM), the American-owned tobacco manufacturer, plans to spend USD 21 million in capital expenditures (CAPEX) starting with this year and extending to 2010.
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| UNITED ARAB EMIRATES |
Committee gives its approval to bill
01 May 2008.
The technical committee for legislations has recently given its approval to a federal anti-tobacco bill.
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| MALAYSIA |
Campaign against illicit trade underway
01 May 2008.
Royal Malaysian Customs (RMC) has joined forces with the Confederation of Malaysian Tobacco Manufacturers (CMTM) to combat illicit tobacco trade through a grassroots campaign.
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| UNITED KINGDOM |
OFT accuses Gallaher, Imperial of price fixing
28 Apr 2008.
UK’s competition watchdog, the Office of Fair Trading (OFT), accused two big tobacco companies and 11 retailers of alleged unlawful co-ordination of prices.
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