German Tobacco Welcomes Investors

Source from:  www.tobaccoreporter.com 02/13/2009

Feb 12, 2009-German Tobacco Group (GTC) of Frankfurt, Germany, is seeking strategic investors and partners for completion of its first two acquisitions of German cigarette manufactures and the international launch of its S.A.L.E. brand. Introduced to Austrian and German markets in 2007, S.A.L.E. focuses on the dynamically growing international value brand' segment in Europe. With a market volume of 95 billion cigarettes, 20 million adult smokers, a shift from premium to value brands and a predictable tobacco taxation policy, Germany is still an attractive operating environment for tobacco companies, according to GTG. What's more, Germany still allows billboard advertising and recently loosened smoking restrictions in bars and restaurants. Enditem