BATS sells Belgian business

7th Apr 2010 16:30

Tobacco group British American Tobacco has agreed to sell its Belgian distribution business, Lyfra, to Luxembourg-based Landewyck Group, for an undisclosed sum.At the end of 2009 the Lyfra business had gross assets of €39m and a turnover of €696m in 2009. Landewyck Group is best known for its cigarette and fine cut tobacco product brands Elyxir, Ducal, Austin and Maryland.

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