Imperial sells part of Logista stake to cut debt

Sam Kerr

July 31, 2018 12:45 pm

lorry_PA_230x150 — File photo dated 10/08/17 of lorries on the motorway. A Unite union survey of 3,200 HGV drivers found that almost a third of lorry drivers have admitted falling asleep at the wheel, mainly because of long working days or disturbed sleep. | Gareth Fuller/PA Wire/PA Images

Imperial Brands, the UK tobacco group, sold a €265m block in Spanish retail distribution firm Logista after market close on Monday night, in order to raise funds to reduce its debt.

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Spain Equity ABBs-Block Trades Europe EMEA

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Sam Kerr