1 June 2018 Corporate & Commercial

British American Tobacco acquisition of Twisp

Cliffe Dekker Hofmeyr advised Twisp, the leading South African electronic cigarette retailer.

This transaction envisages the acquisition of 100 per cent of the issued share capital of Twisp by British American Tobacco South Africa (BATSA). BATSA is the leading tobacco manufacturer in South Africa and the second-largest company listed on the JSE by market capitalisation.