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.

According to a report by Reuters, Altadis had offered EUR 52.50 per share or EUR 940 million (USD 1.4 billion) for the 40 per cent of Logista it did not own. In January, Imperial Tobacco presented a full cash bid for the outstanding shares in Logista, Spain’s largest cigarette distributor, at EUR 52.50 per share, following its acquisition of Altadis.The acceptance period for the takeover bid ended 6 May. The UK tobacco manufacturer has said it plans to keep Logista listed on the Spanish stock market. (ci)