August 13, 2019 / 12:14 PM / 6 days ago

British American Tobacco's takeover of Twisp wins S.Africa approval

JOHANNESBURG, Aug 13 (Reuters) - South Africa’s Competition Tribunal on Tuesday conditionally approved British American Tobacco’s proposed takeover of e-cigarette maker Twisp.

The local unit of British American Tobacco, the world’s second-largest tobacco company by sales, announced the deal in 2017 as part of its efforts to increase its offering of so-called next-generation products or alternatives to smoking cigarettes. (Reporting by Nqobile Dludla; editing by Jason Neely)

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