British Tobacco buys e-cigarette company
14:33
British American Tobacco Investments has filed a motion with antimonopoly watchdog for the approval of the acquisition of Dziurłaj, Urban i Wspólnicy, a Polish company specializing in the distribution of e-cigarettes, liquids and other accessories.
The value of the transaction was not revealed.
Last year, a report by Citi Bank said that the e-cigarette sector is one of the ten most prospective industries, assuming that sales will grow by 50 percent annually to $3.25 billion.