BANGLADESH > Japan Tobacco Inc. to acquire Bangladesh based United Dhaka Tobacco business, a subsidiary of Akij Group for $1.47 billion

Japan tobacco logo Japan Tobacco Inc. is set to invest $1.47 billion to acquire United Dhaka Tobacco business, a subsidiary of Akij Group, the single biggest FDI in Bangladesh. United Dhaka Tobacco Company Limited holds about 20 percent market share of Bangladesh’s cigarette market only behind British American Tobacco. $1.09 billion will be utilized to buy shares of Dhaka Tobacco and $386 million More …