Archive - April 2006

UNITED STATES
Altria will not break up prematurely, says CEO

Altria Group will stick to its own schedule for breaking the Kraft Foods business off from its Philip Morris tobacco businesses and will not act prematurely...

UNITED STATES
Reynolds to buy Conwood for US$ 3.5 billion

Cigarette maker Reynolds American Inc on Tuesday said it would acquire Conwood Co for US$ 3.5 billion, making a long-anticipated move into the faster-growing...

TURKEY/BULGARIA
Sunel and Silverleaf form joint venture

Bulgarian company Silverleaf Trading Limited and Turkish leaf processor Sunel Tobacco Company have announced that they have reached an agreement in principle...

RUSSIA
JTI wins a victory over tax authorities

Japan Tobacco International Russia, the country’s third largest cigarette maker, has won two victories in court over the federal taxation service that has...

SOUTH KOREA
Icahn says has increased stake in KT&G

An investment fund led by billionaire US investor Carl Icahn said on Wednesday that it has raised its stake in South Korea's top cigarette maker, KT&G...

ROMANIA
Vice tax law to enter into force

The law regarding the financing of some health expenditures, called the vice tax, will enter into force in a maximum of a month and in the meantime the norms...

EUROPEAN UNION
EU gets tough on advertising

The European Commission on 4 April 2006 warned four countries for failing to implement a 2003 European Union-wide ban on most forms of tobacco advertising.

RWANDA
BAT Rwanda restructures

British American Tobacco Rwanda, previously known as Tabarwanda, announced an operational restructuring last week, in which the company has become a centre of...

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