Japan Tobacco agrees to buy brand rights from Reynolds American for $5 billion

September 30, 2015 12:43 AM

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Japan Tobacco Inc has agreed to pay 600 billion yen ($5 billion) in cash for Reynolds American Inc's Natural American Spirit tobacco business outside the United States, the two companies said in separate statements on Tuesday.

The deal, to be concluded by early 2016 pending regulatory approval, includes related trademarks and subsidiaries primarily in Japan and Europe, where operations will continue unchanged, Japan Tobacco said.

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