• Text size      
  • Send this article to a friend
  • Print this article

Imperial Tobacco to spin off unit

Imperial Tobacco is to spin off its European distribution unit Logista through an initial public offering in Madrid.

The Bristol-based company will retain a majority stake after the flotation, which will see shares sold to institutional investors. The business was acquired in 2008 as part of its takeover of Spain's Altadis.

Contextual targeting label: 

Commenting & Moderation

We moderate all comments on HeraldScotland on either a pre-moderated or post-moderated basis.
If you're a relatively new user then your comments will be reviewed before publication and if we know you well and trust you then your comments will be subject to moderation only if other users or the moderators believe you've broken the rules

Moderation is undertaken full-time 9am-6pm on weekdays, and on a part-time basis outwith those hours. Please be patient if your posts are not approved instantly.