2011 Top 100: Tobacco
British American Tobacco
British American Tobacco (BAT) recently elevated itself from third to second place in Colombia, Latin America’s fourth largest cigarette market with total industry sales of around 17 billion cigarettes in 2010. This was made possible through the acquisition of privately-owned Productora Tabacalera de Colombia, S.A.S. (Protabaco), the second largest cigarette company in Colombia, for an enterprise value of $452 million. BAT also established a stand-alone company, Nicoventures Limited, that will focus exclusively on the development of regulatory approved nicotine products to provide adult smokers with a range of alternative products currently unavailable on the market.
British American Tobacco (BAT) recently elevated itself from third to second place in Colombia, Latin America’s fourth largest cigarette market with total industry sales of around 17 billion cigarettes in 2010. This was made possible through the acquisition of privately-owned Productora Tabacalera de Colombia, S.A.S. (Protabaco), the second largest cigarette company in Colombia, for an enterprise value of $452 million. BAT also established a stand-alone company, Nicoventures Limited, that will focus exclusively on the development of regulatory approved nicotine products to provide adult smokers with a range of alternative products currently unavailable on the market.