Tobacco companies

Yesterday, the Tobacco giant British American Tobacco announced that it will lay off 2,300 employees globally by January, Reuters reported.

SEKAP announced on Thursday that production of the products of new owner Japan Tobacco International (JTI) has started, just two-and-a-half months after the Greek tobacco company's takeover.

JTI has upgraded the SEKAP factory at Xanthi in Thrace, which has begun producing Camel and Winston Giga buckets destined for daily export to European Union member-states.

The operation of Greek tobacco company SEKAP will continue following the definitive agreement for the acquisition of parent company Donskoy Tabak by Japan Tobacco International (JTI).

One of the biggest companies in Croatia, Adris Group, on Monday said that it sold its subsidiary, Tobacco Factory Rovinj, TDR, to British American Tobacco, BAT, for 505 million euro.

Adris has planned to sell TDR, the Croatian and regional leader in tobacco products, for some time. The deal with BAT was signed on Saturday at its headquarters in London.

By Anestis Dokas

British American Tobacco Hellas, the local subsidiary of the multinational tobacco giant, is planning to invest more than 30 million euros in Greece in the 2015 financial year, chairman and chief executive officer Gianpiero Pazzanese told Kathimerini in an interview.