24th Jun 2008 08:43
For immediate release: Tuesday, 24 June, 2008
Turkish acquisition completed
British American Tobacco today completed its acquisition of the cigarette business assets of Tekel, the Turkish state-owned tobacco company.
The completion follows earlier approval by Turkey's Competition Board and ratification by the Turkish Privatisation High Council.
British American Tobacco won the auction for the assets on 22 February this year with a bid of US$ 1.72 billion.
Enquiries
British American Tobacco Press Office
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+ (44) 0 20 7845 2888 (24 hours)
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British American Tobacco Turkey, Corporate Affairs
Tuna Turagay +90 212 365 14 00 or +90 533 306 86 83
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