The price of unpacked soybean oil has been cut by Tk 2 per litre
Japan Tobacco to buy Bangladesh's Akij Tobacco for $1.5 billion
Japan Tobacco Inc said on Monday it had agreed to buy the tobacco business of Akij Group, Bangladesh’s second-biggest tobacco company, for about Tk 124.3 billion ($1.48 billion) to further boost its presence in Asia.
Published : 6 August 2018, 08:42 AM
Updated : 6 August 2018, 10:08 AM
Japan Tobacco said Akij holds a one-fifth share of Bangladesh’s cigarette market, the world’s eighth-largest in the world, and would add about 17 billion units to the Japanese company’s sales volume.
The acquisition of the business, United Dhaka Tobacco Co, is expected to be completed in the third quarter of this year pending regulatory clearance, Japan Tobacco said in a statement.
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