23rd Apr 2008 12:54
Imperial Tobacco Group PLC23 April 2008 23 April 2008 Imperial Tobacco Group PLC announces divestment of fine cut and pipe tobaccobrands Imperial Tobacco Group PLC has agreed to divest a number of fine cut and pipetobacco brands to Philip Morris International for a consideration of euro 254million. The divestment of a small number of brands in certain European markets was acondition of the European Commission's approval of the Group's acquisition ofAltadis. The divestment is subject to European Commission approval and includes the finecut tobacco brands Interval, Bergerac, Santoya and Wervicq (France), Van Nelle (Italy and Canary Islands) and Picadura (Spain) and the pipe tobacco brandsBergerac (France) and Kilta (Finland). As previously stated in the Group's announcement on 18 October 2007, thisdivestment will not materially adversely affect the operational and financialperformance of Imperial Tobacco. Enquiries Alex Parsons (Head of Corporate Communications)Telephone: +44 (0) 117 933 7241 Simon Evans (Group Press Officer)Telephone: +44 (0) 117 933 7375 John Nelson-Smith (Investor Relations Manager)Telephone: +44 (0) 117 933 7032 Nicola Tate (Investor Relations Manager)Telephone: +44 (0) 117 933 7082 This information is provided by RNS The company news service from the London Stock ExchangeRelated Shares:
Imperial Brands