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Article: Japan Tobacco stake BRIEFLY
- Article from:
- International Herald Tribune
- Article date:
- December 28, 2007
- Author:
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Bloomberg News
International Herald Tribune
12-28-2007
Japan Tobacco stake BRIEFLY
Byline: Bloomberg News
Edition: 1
Section: FINANCE/BUSINESS
Japan Tobacco, the biggest cigarette company in the nation, said it spent yen102 billion, or $893 million, to increase its stake in Katokichi, a frozen-food maker, to 93.9 percent. Once it gains full ownership, Japan Tobacco plans to sell a 49 percent stake in Katokichi to Nissin Food Products, the instant-noodle maker, and the three companies will ...