December 1999 / January 2000

Tobacco merger

01 December 2000

French tobacco company Seïta and Tabacalera of Spain are to merge. The Spanish government, which still has some influence over the recently privatised Tabacalera, is said to be in favour of the deal. The French state still holds 5 per cent of Seïta. If the deal is successful, the new group, called Altandis, will be the world’s largest cigar maker and fourth-largest in the cigarette industry.