British American Tobacco (BAT) Will acquire TDR, the market leader in Croatia, and other tobacco and retails assets from Adris Grupa for EUR 550 million (USD 604 million), the cigarette maker said.

“TDR is the leading independent cigarette manufacturer in Central Europe with a market leading position in Croatia and a position of scale in Bosnia and Serbia which will provide BAT with the opportunity to significantly grow its business in the region,” the company said. BAT said it committed to keep TDR manufacturing in Croatia.
The transaction is subject to regulatory approval and expected to close in October, BAT said.