Τhe Commission for the Protection of Competition received a notification of a proposed concentration from Japan Tobacco Inc. and its subsidiaries JT International Holding BV και JT International Netherlands B.V. in accordance with section 13 of the Control of Concentrations between Enterprises Law (Number 22(I)/99). The transaction concerns the acquisition of of V.D.M. Invest Comm. VA and its subsidiary Gryson NV by Japan Tobacco Inc.
Japan Tobacco Inc is a company duly registered under the laws of Japan. Japan Tobacco Inc constitutes the parent company of JT International Holding BV and JT International Netherlands BV through which the acquisition will be carried out and will be referred to as JT Group. The activities of JT Group focus on producing and selling machine-made cigarettes, tobacco products including roll-your-own and make-your-own tobacco, snus, cigars, and cigarillos. The Group’s brand portfolio includes Winston, Mild Seven, Camel, Benson & Hedges, Silk Cut, Sobranie, Glamour and LD. JT Group is also diversified in the pharmaceutical and food sector. JT Group is active in Cyprus in the market of tobacco products.
V.D.M. Invest Comm. VA is a company duly registered under the laws of Belgium. This company is active in the production and sale of roll-your-own and make-your-own tobacco. V.D.M. Invest Comm. VA operates in the Republic of Cyprus only through its subsidiary Gryson NV, which sells roll-your-own and make-your-own tobacco products to distributors in Cyprus.