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Tag: "russia"

PMI and JTI acquire stakes in Russian distribution firm

December 4, 2013 | Comments (0)

Philip Morris International and Japan Tobacco International are acquiring equity stakes of 20 percent each in Megapolis Distribution, the holding company of CJSC TK Megapolis, a major distributor in Russia. The companies are paying $750 million each for their stakes. If Megapolis’ operational performance meets certain benchmarks during the four fiscal years following the closing […]

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Tobacco among top Russian exports

May 22, 2013 | Comments (0)

Tobacco factories feature prominently on a list of leading Russian exporters recently published by Expert Severo-Zapad. According to the business magazine, British American Tobacco in St. Petersburg leads the pack with export revenues of $91.9 million last year. Philip Morris Izhora exported tobacco products worth $70.9 million in 2012, up 15.1 percent from the previous. […]

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Earnings up at Donskoi Tabak

November 29, 2012 | Comments (0)

Russian cigarette maker Donskoi Tabak on Nov. 20 reported earnings before interest, taxes, depreciation, and amortization (EBITDA) of RUR1.86 billion ($ 59.3 million) in January-September 2012, up 26 percent from a year ago, reports Prima-Tass. Net revenue jumped 71 percent year-year to RUR19.7 billion, volumes rose 2 percent to 23.5 billion cigarettes, and the company’s […]

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