Saturday May 30, 2020

Imperial Tobacco moves €400m into newly-formed Irish subsidiary

Deal values each share in transaction at €1,000 but does not invlove transfer of any IP

6th January, 2019
The company produce Rizla, the global best-selling cigarette paper brand

Imperial Tobacco, the multibillion-pound British cigarette maker, has injected €400 million into a new Irish subsidiary as part of a new strategy to separate the functions of its Irish operations.

According to filings submitted to the companies office last week, 400,000 shares in a new company, Imperial Tobacco Intellectual Property Limited, were allotted to a Dutch entity, Van Nelle Tobacco International Holdings.

Van Nelle Tobacco International is a wholly owned subsidiary of Imperial Brands, the parent...

Subscribe from just €1 for the first month!

Exclusive offers:

All Digital Access + eReader

Trial

€1

Unlimited Access for 1 Month

Then €19.99 a month after the offer period.

Get basic
*New subscribers only
You can cancel any time.

Annual

€200

€149 For the 1st Year

Unlimited Access for 1 Year

You can cancel any time.

Quarterly

€55

€42

90 Day Pass

You can cancel any time.

Team Pass

Get a Business Account for you and your team

Related Stories

The former NTMA head says he is ‘quite alarmed’ at the potential for legal actions over the large number of deaths in nursing homes during the crisis

Michael Brennan | 3 weeks ago

Oil storage in the self-styled ‘Pipeline Crossroads of the World’ is full to the brim, but the black stuff keeps on coming. With much of the world’s economy in a Covid-19 slowdown, at one point last week, benchmark US crude oil was priced at minus $37.63 a barrel

Barry J Whyte | 1 month ago

Every time Donald Trump spoke on the Covid-19 crisis last week, the stock markets plunged by another point

Marion McKeone | 2 months ago