Euronews is no longer accessible on Internet Explorer. This browser is not updated by Microsoft and does not support the last technical evolutions. We encourage you to use another browser, such as Edge, Safari, Google Chrome or Mozilla Firefox.
BREAKING NEWS

British American Tobacco's takeover of Twisp wins South Africa approval

British American Tobacco's takeover of Twisp wins South Africa approval
FILE PHOTO: A general view shows the British American Tobacco offices in London, Britain October 21, 2016. REUTERS/Stefan Wermuth -
Copyright
Stefan Wermuth(Reuters)
Euronews logo
Text size Aa Aa

JOHANNESBURG (Reuters) – South Africa’s Competition Tribunal on Tuesday conditionally approved British American Tobacco’s <BATS.L> proposed takeover of e-cigarette maker Twisp.

The local unit of British American Tobacco, the world’s second-largest tobacco company by sales, announced the deal in 2017 as part of its efforts to increase its offering of so-called next-generation products or alternatives to smoking cigarettes.

(Reporting by Nqobile Dludla; editing by Jason Neely)

euronews provides breaking news articles from reuters as a service to its readers, but does not edit the articles it publishes. Articles appear on euronews.com for a limited time.