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BAT agrees to acquire Reynolds for $49 billionBritish American Tobacco (BAT) has agreed a takeover of Reynolds American, the maker of Camel and Newport cigarettes, for a consideration of $49.4 billion to acquire the remaining 57.8 per cent of Reynolds not already owned by BAT. More… |
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Illicit cigarette trade ‘costing Egypt $663m’Illicit trading in cigarettes is costing the Egyptian government approximately EGP4 billion ($663 million) annually, or three per cent of the current budget deficit, said a report. More than 100 low-cost illicit brands, adhering to no loca More… |
