British American Tobacco (BAT) is eager to buy the cigarette businesses of Skandinavisk Tobakskompagni (ST) in a deal where they are willing to shell out 2 billion pounds.
BAT is the world’s second largest cigarette manufacturer, with well known brands Kent, Lucky Strike, Dunhill and Pall Mall cigarettes, part of their roster. They have made a remarkable increase in sales in 2007, up nearly 11% along with an increase in share prices by 108.53 pence.

BAT intends to buy over the entire business of ST, a company that accounts for nearly 60% of the tobacco sales in Scandinavia. This will result in an increase in sales for BAT by nearly 30 million cigarettes.

BAT just acquired Turkey’s state owned Tekel Cigarette maker in a deal worth $1.72 billion just last week.