Imperial Tobacco to offload Spanish logistics arm

June 10, 2014

Bristol-based Imperial Tobacco has confirmed it plans to float off its Spanish distribution business Logista.

Madrid-based Logista distributes Imperial’s cigarettes along with other those of rivals and other consumer products across Southern Europe.

Last year it recorded revenue of £8.3bn and an adjusted operating profit of £176m.

In February Imperial, whose brands include Lambert & Butler, Davidoff and JPS, said it was considering Logista’s future and was conducting a review of its operations.

Imperial took over Logista when it bought Altadis, the Spanish maker of Gauloises and Gitanes cigarettes, in 2008.



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