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"Agrokom" focuses on the meat processing and development after the sale "don tobacco".
Earlier it became known that Japan Tobacco is buying the Rostov company for $1.6 billion.
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Diversified holding "Group Agrokom" (head office in Rostov-on-don) preoriented your business for further processing and development after the sale of the company "Donskoy Tabak", one of the world leaders in the production of cigarettes, Japan Tobacco Inc. This was reported TASS the press service of the company citing General Director Sergei Apatitskogo.

Japan Tobacco buys Rostov company for $1.6 billion.

"Given the objective circumstances prevailing in the market negative dynamics, increasing regulation and excise policy, the growth of the shadow component, it became evident that opportunities for the development of certain tobacco enterprises operating outside the major international tobacco companies, decreased year on year, - noted in press service. The Board of Directors of "Agrokom Group" decided to refocus the business and focus on other large-scale projects - packaging, meat processing, real estate development".

The deal will not affect the work of the Rostov enterprises, said the company.

According to Apatitskogo, negotiations and preparation of transactions were conducted over the years, "this decision is a balanced and thoughtful". It is expected that the transaction will be closed by the beginning of the third quarter of 2018 fiscal year after regulatory clearance.

The intention of the company "Donskoy Tabak" to sell your business it was reported in 2014. Then the springs were named as one of the potential buyers international tobacco company Imperial Tobacco Group.

The company "Donskoy Tabak" - the parent company of the tobacco business-complex "Group Agrokom". The company was founded in 1857. The main production facility and the Central office is located in Rostov-on-don. The range consists of 120 items of tobacco products.

The plant capacity is 45 billion cigarettes a year. The company is developing 45 brands, including "Donskoy Tabak", Kiss, Continent, "21", and supplies its products to 31 countries worldwide. Tobacco business-complex has three production areas: the Rostov-on-don, Pereslavl-Zalessky and Xanthi (Greece). According to the SPARK database, the company's net profit for the year 2016 - 3.9 billion rubles.

Diversified holding "Group Agrokom" unites the enterprises of meat processing, agriculture and other projects. The owner of the holding is a Russian businessman Ivan Savvidi.



Translated by service "Yandex.Translation"
Источники: ТАСС
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