Merrill Lynch wins jumbo Eu1.6bn Reemtsma tobacco deal

Reemtsma, the world's fourth largest cigarette manufacturer, is being prepared for a Eu1.6bn flotation by majority shareholder Tchibo, the German coffee firm. A spokesperson for Tchibo told EuroWeek that Merrill Lynch had been mandated to advise on the flotation, although no details regarding timing or size were ...