British American Tobacco p.l.c. (LSE:BATS) agreed to acquire Victory, Eva Slim and GD cigarette brands and Express Logistics and Distribution OOD from Bulgartabac Holding AD (BUL:57B) for approximately €100 million on April 12, 2017. The deal would also include retail and distribution assets in the country and in Bosnia. The deal is subject of anti-trust and regulatory approvals. Bulgaria Commission for Protection of Competition approved the deal on May 2, 2017. The deal is expected to be concluded by the end of June 2017. Baker & Mckenzie LLP, London and Djingov, Gouginski, Kyutchukov & Velichkov acted as legal advisors to British American Tobacco p.l.c.

British American Tobacco p.l.c. (LSE:BATS) completed the acquisition of Victory, Eva Slim and GD cigarette brands and Express Logistics and Distribution OOD from Bulgartabac Holding AD (BUL:57B) on May 5, 2017.