BATS has signed an agreement to acquire TDR d.o.o. and other tobacco and retail assets from Adris Grupa.
- TDR is the leading independent cigarette manufacturer in Central Europe, has market leading position in Croatia and a position of scale in Bosnia and Serbia
- Represents multiple of ~12.5x Ebitda (says 2014 Ebitda ~EU44m)
- Should complete in October
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