British American Tobacco (BAT), the world's second-biggest tobacco company, has signed an agreement to acquire Bulgarian tobacco group Bulgartabac for more than €100m ($106.2m). In Southeastern Europe (SEE), BAT operates in Albania, Bulgaria, Kosovo, Macedonia, Montenegro and Serbia. The deal includes brands Victory, Eva Slim and GD joining the BAT portfolio, and covers distribution and retail assets in Bulgaria. In a statement, BAT said it was "delighted that Bulgartabac's shareholders have approved this transaction".
British American Tobacco (BAT), the world's second-biggest tobacco company, has signed an agreement to acquire Bulgarian tobacco group Bulgartabac for more than €100m ($106.2m). The deal includes brands Victory, Eva Slim and GD joining the BAT portfolio, and covers distribution and retail assets in Bulgaria. In a statement, BAT said it was "delighted that Bulgartabac's shareholders have approved this transaction".