British American Tobacco acquisition of Bulgartabac Holding cigarette brands

Overview:

• British American Tobacco (BAT) has acquired certain cigarette brands from Bulgartabac Holding for over €100 million.
• The deal concerns the Victory, Eva Slim and GD brands.
• Bulgartabac is the leading cigarette manufacturer, distributor and retailer in Bulgaria and Bosnia.
• After the acquisition BAT will triple its market share in Bulgaria and become one of the country's five largest tax payers.
• Bulgartabac will continue its production through its subsidiaries Blagoevgrad-BT  and Sofia Bulgartabac. 
• Deloitte has advised Bulgartabac, while BAT used the services of Grant Thornton. 

Katrin Kostadinova - Data analyst