Donskoy part of JT Group

The JT Group has completed the acquisition of the Donskoy Tabak (DT) companies.
The agreement to acquire the companies was made public in a press release on March 16.

“The acquisition of DT enables the JT Group to complement its existing product portfolio with DT’s value brands, and expand its distribution network through DT’s strong salesforce,” JT said in a statement.

“This acquisition will reinforce the group’s No.1 position in Russia, a country which has been a key market in earnings growth for many years.”

JT said the transaction would not have any material impact on the JT Group’s consolidated performance for the fiscal year 2018.