Acquisition Completed

RNS Number : 3717X

British American Tobacco PLC

24 June 2008

 



For immediate release:  Tuesday, 24 June, 2008 

Turkish acquisition completed

British American Tobacco today completed its acquisition of the cigarette business assets of Tekel, the Turkish state-owned tobacco company. 

The completion follows earlier approval by Turkey's Competition Board and ratification by the Turkish Privatisation High Council. 

British American Tobacco won the auction for the assets on 22 February this year with a bid of US$ 1.72 billion. 

Enquiries

British American Tobacco Press Office

David Betteridge / Kate Matrunola / Cat Armstrong

+ (44) 0 20 7845 2888 (24 hours)

Investor Relations

Ralph Edmondson / Sharon Woodcock

[phone] / 1519

British American Tobacco Turkey, Corporate Affairs

Tuna Turagay [phone] or [phone]

Elif Boutlu        [phone] or [phone]

 

END

 

 

ACQFIMRTMMITMBP