Japan Tobacco (JT) acquired cigarette distributor Fluxo Brasil Distribuidora do Produtos for an undisclosed amount to expand its presence in Brazil, Nikkei news service reported.
Fluxo Brasil, based in Salvador, has nine distribution centres. JT returned to the Brazilian market in 2014 after a three-year absence, and holds less than 1 per cent of the market, according to Nikkei.
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