Imperial Tobacco Increases Stake in Logista

Source from:  tobaccojournal.com 08 May 2008 05/09/2008

Imperial Tobacco Group's unit Altadis has obtained an additional 37.30 per cent of Cia de Distribucion Integral Logista, raising its stake in the unit to 96.92 per cent, Spanish bourse regulator CNMV said. In January, Imperial Tobacco presented a full cash bid for the outstanding shares in Logista, Spain's largest cigarette distributor, at EUR 52.50 per share, following its acquisition of Altadis. The acceptance period for the takeover bid ended 6 May. The UK tobacco manufacturer has said it plans to keep Logista listed on the Spanish stock market. Enditem