JT's Bangladesh Deal Seems Pricey but the Upside to Gain Shares Might Justify Expensive Valuations
Japan Tobacco, or JT, announced the acquisition of Bangladesh's United Dhaka Tobacco Company, or UDTC, formerly owned by local conglomerate Akij Group, for JPY 164.5 billion or $1,476 million including JPY 43 billion or $386 million in trademarks and design rights. The deal, following the recent acquisitions in Philippines and Indonesia, is part of JTI's strategic efforts to expand its footprint in the under-represented emerging markets. JT is expecting to leverage UDTC's distribution and sales ...Japan Tobacco is mainly engaged in the manufacture and sale of tobacco products in the domestic and overseas markets. Along with its affiliates, Co. operates in four principal business segments: Japanese domestic tobacco, international tobacco, pharmaceutical, and processed food. Co. is engaged in the manufacture and sale of cigarettes in Japan and overseas; the research, development, manufacture and sale of ethical pharmaceuticals; and the manufacture and sale of frozen and ambient processed foods, bakery items and seasoning. In addition, Co. is involved in the leasing and management of real estate and the other businesses.
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