Softbank's announcement in October that it will buy 70 percent of the third-biggest US mobile carrier was Japan's biggest-ever overseas deal after Japan Tobacco's $19 billion purchase of Britain's Gallaher Group Plc
However, the acquisition of UK-based Gallaher Group Plc
the same year, and JTIEoACAOs growth projections, compelled the Company to reconsider its needs.
Board experience includes serving on the boards of Friends Provident plc, Gallaher Group plc
, National Power plc, Sears plc and Nationwide Building Society and Carnwath is presently chairman of Land Securities Group plc, senior independent director of Man Group plc, a director of MF Global Holdings Ltd and Paccar Inc.
But JT booked group sales of 6.83 trillion yen in fiscal 2008, up 6.6 percent over the previous year and an all-time high, thanks to an increase in overseas cigarette sales as well as the addition of British tobacco maker Gallaher Group Plc
and frozen food maker Katokichi Co to its consolidated results.
Mr Rolfe spent 20 years with Gallaher Group Plc
, rising to finance director, until the group was acquired by Japan Tobacco Inc in April.
WENT with a guest to the Benson and Hedges open golf tournament at the Belfry, courtesy of Gallaher Group PLC
EXPANSION: Mark Rolfe, finance director, top, and Nigel Northbridge, chief executive of Gallaher Group PLC
(LPS028) CLAIRE JENKINS - GALLAHER GROUP PLC
said Thursday its group net profit in the first half of fiscal 2008 dived 47.5 percent from a year earlier to 69.48 billion yen on such factors as goodwill amortization for its 2007 acquisition of British tobacco maker Gallaher Group Plc
Kimura said the main driving force of JT's business is overseas tobacco sales and the company is determined to yield substantial benefits from the 2007 acquisition of major British tobacco maker Gallaher Group Plc
The results are due largely to the acquisition of British tobacco maker Gallaher Group plc
., which helped JT realize a 164.1 percent boost in overseas cigarette sales to 2.64 trillion yen.
In fiscal 2006, there was a substantial number of huge M&As including Japan Tobacco Inc.'s acquisition of Britain's Gallaher Group Plc
for 2,253 billion yen.