Japan Tobacco to actively pursue M&A opportunities
Japan Tobacco will seek acquisition opportunities overseas, said Masamichi Terabatake who is slated to become its CEO in January, to secure growth as the rise of vaping rivals snuffs out the company’s cigarette sales at home. “If there are good deals, we would like to actively pursue them, even by taking risks. The scale does not matter,” Terabatake told reporters on Tuesday, after his promotion to the CEO position was announced. REUTERS<