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  • ABOUT
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    • Gama Field Services
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  • CATEGORIES
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Karyadibya Mahardhika

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Indonesia: Japan Tobacco acquires Karyadibya Mahardhika

August 10, 2017
-
Asia Pacific, Mergers & Acquisitions, Tobacco

Global tobacco firm, Japan Tobacco has announced the acquisition of kretek cigarette company Karyadibya Mahardhika and its distributor for $677 million, in a deal that will see it buy 100% of the outstanding shares in the Indonesian firm. Japan Tobacco said the acquisition would “give the JT Group immediate scale and presence on a nationwide level in the Indonesian kretek market”. Indonesia is described as the world’s second largest tobacco …

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