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Japan Tobacco to buy Bangladesh firm for $1.5 billion

/ Aug 7, 2018

Japan Tobacco to buy Bangladesh firm for $1.5 billion

Japan Tobacco Inc. has agreed to buy a Bangladeshi cigarette manufacturer for 124.3 billion taka ($1.5 billion), taking its acquisition strategy to one of Asia's fastest-growing economies. The Tokyo-based company is acquiring the tobacco business of Akij Group, the second-largest tobacco company in Bangladesh, Japan ...