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M&A Deal Summary

British American Tobacco Acquires Tekel

On February 22, 2008, British American Tobacco acquired consumer products company Tekel for 1.7B USD

Acquisition Highlights
  • This is British American Tobacco’s 2nd transaction in the Consumer Products sector.
  • This is British American Tobacco’s 3rd largest (disclosed) transaction.
  • This is British American Tobacco’s 1st transaction in Turkey.

M&A Deal Summary
Date 2008-02-22
Target Tekel
Sector Consumer Products
Buyer(s) British American Tobacco
Deal Type Add-on Acquisition
Deal Value 1.7B USD

Target

Tekel

Istanbul, Turkey
Tekel is a Turkish tobacco company.

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Buyer(S) 1

Buyer

British American Tobacco

London, United Kingdom
Category Company
Founded 1902
Sector Consumer Products
Employees48,989
Revenue 25.9B GBP (2024)
DESCRIPTION

British American Tobacco is a manufacturer, distributor, and seller of tobacco products. British American Tobacco was founded in 1902 and is based in London, United Kingdom.

DEAL STATS #
Overall 2 of 8
Sector: Consumer Products M&A 2 of 8
Type: Add-on Acquisition M&A Deals 2 of 7
Country: Turkey M&A 1 of 1
Year: 2008 M&A 1 of 1
Size (of disclosed) 3 of 5
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2003-07-16 Ente Tabacchi Italiani

Rome, Italy

Ente Tabacchi Italiani S.p.A. is an Italian tobacco company.

Buy £1.6B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2009-06-17 PT Bentoel Internasional Investama Tbk

Jakarta, Indonesia

Bentoel is an Indonesian producer of kretek cigarettes. Kreteks are cigarettes made from tobacco and cloves and are produced by machine or hand rolled. Bentoel’s key kretek brands include Star Mild, X Mild and Sejati.

Buy £303M
Mergr

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