Imperial Tobacco’s Altadis reaches 96.92 pct of Logista in buyout
MADRID - Imperial Tobacco Group Plc. unit Altadis SA. has obtained an additional 37.30 percent of Cia de Distribucion Integral Logista SA., raising its stake in the unit to 96.92 percent, bourse regulator CNMV said.
In January, Imperial Tobacco presented a full cash bid for the outstanding shares in Logista at 52.5 euros per share, following its acquisition of Altadis.
The acceptance period for the takeover bid ended May 6.
The UK tobacco Marlboro cigarettes manufacturer has said it plans to keep Logista listed on the Spanish stock market.
In January, Imperial Tobacco presented a full cash bid for the outstanding shares in Logista at 52.5 euros per share, following its acquisition of Altadis.
The acceptance period for the takeover bid ended May 6.
The UK tobacco Marlboro cigarettes manufacturer has said it plans to keep Logista listed on the Spanish stock market.
