TOKYO: Japan Tobacco Inc’s new chief executive favours pursuing deals in South-East Asia and markets where it lacks a presence rather than a more complex deal, signalling a much-speculated tie-up with Imperial Brands Plc is less likely.
Masamichi Terabatake, who took the helm of the world’s third-largest listed tobacco maker this month, said underdeveloped markets are more attractive than a “complicated” acquisition.
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