Japanese cigarette firm invests in Sudan

Tokyo-based Japan Tobacco has sealed a deal to buy Sudanese cigarette manufacturer Haggar Cigarette & Tobacco Factory (HCTF). According to a statement, HCTF has 80% of the market share in the Republic of Sudan and sold over 4.5 billion cigarettes in 2010. The company also has a presence in South Sudan. Japan Tobacco said the acquisition will boost its earnings from developing markets. Read the full statement.

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