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Trade > Distribution & Logistics
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JT and PMI acquire stakes in Megapolis

JT and PMI said they bought 20 per cent stakes in the company distributing their products in Russia.

JT terms are identical to those of PMI; USD 750 million (EUR 553 million) for the stake, coupled with USD 100 million in incentive payments based on performance. The tobacco companies said they purchased stakes in Megapolis Distribution, registered in the Netherlands, which is the holding company of Moscow-based distributor CJSC TK Megapolis. “Megapolis has been our partner since 2007...

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