MOROCCO TOBACCO MARKET FACES TRANSFORMATION
November 1st, 2006
BY PAUL COCHRANE
MOROCCO'S US$1.37 billion tobacco market is undergoing a transformation following Altadis' full buyout of the country's tobacco monopoly earlier this year, with the distribution process to be overhauled and leaf production increased and diversified away from dark tobacco.
Altadis acquired 80% of the government-run Régie des Tabacs (RTM) in an international tender in 2003 for US$1.51 billion, giving Altadis a monopoly over imports, distribution, production, and growing until 2008. In September the Franco-Spanish multinational acquired the ...
Full access to this article can be arranged with permission from the client that first ordered it. Please contact us to request access. Entries are uploaded to our archive at least one year after being published by a client – free access is restricted to International News Services journalists for background research only. The article date indicates when copy was filed to a client, not when posted to this archive. Upon client requests, International News Services will remove such articles from the archive or not upload them in the first place. They are included to demonstrate the breadth of topics undertaken by the agency and also to help promote clients’ coverage.