Greek Tobacco Company SEKAP Passes to Japan Tobacco Ownership

March 17, 2018

SEKAP, the Greek Cooperative Tobacco Industry that was owned by Donskoy Tabak since 2013, will pass to Japanese ownership as part of a larger package deal worth around 1.6 billion dollars that was signed on Friday.

Japan Tobacco Inc. (JT) announced that the Group’s purchase of Russian-based Donskoy Tabac, part of the Agrokom Group of companies owned by Russian-Greek businessman Ivan Savvidis, demonstrates its commitment to reinforcing its number one position in Russia, where it owns brands Winston and LD.

The transaction is expected to be completed by the first quarter of fiscal year 2018, following regulatory clearance, it said.

SEKAP, a historic company based in northern Greece’s city of Xanthi, was established under its current name in 1975. According to the JT statement, its net assets were 35.1 million euros for the year ended December 31, 2016 and total assets for the same period 57.3 million euros.

Its chairman of the board, Artur Davidian, said in a statement following the signing that negotiations for the agreement took over a year. “Since its reconstruction, SEKAP has had a dynamic presence in the Greek market the last five years. Now it is being incorporated into a large international tobacco company,” he said.

Japan Tobacco is 33% state-owned and includes the brands of Winston, Camel, Mevius, LD and American Spirit, as well as electronic cigarettes. JT International Hellas has been active in the Greek market since the 1980s. It accounts for 1.5% of all tax revenues of Greece and buys 25% of the total tobacco production in the country. In 2018 it was recognised as the top employer in Greece, and in 2017 as one of the 25 best companies to work for in Europe.


ATHENS - Greek annual inflation rate slowed to 8.

Top Stories


A pregnant woman was driving in the HOV lane near Dallas.

General News

FALMOUTH, MA – The police in Falmouth have identified the victim in an accident involving a car plunging into the ocean on February 20, NBC10 Boston reported.

General News

NEW YORK – Meropi Kyriacou, the new Principal of The Cathedral School in Manhattan, was honored as The National Herald’s Educator of the Year.


Mitsotakis: Today’s Bill Comes to Define a New Field in Which Everyone Should Move

ATHENS - At the end of August 2022, I announced a legislative initative for the upgrading and modernisation of the protection, the operation of the security agencies and the operation of the communications and after the change in National Intelligence Service's (EYP) leadership and the establishment of double check to the legal intrusions," stated Prime Minister Kyriakos Mitsotakis addressing the parliament on Thursday during the debate on Justice Minstry's bill on the lifting of the communications confidentiality, cybersecurity and protection of the citizens' personal data.

The Greek Americans travelled to Roosevelt Island Thursday December 8th to face Zum Schneider in game 9 of the EPSL.

Asteras Tripolis New York literally fought to the very end, but fell short at Randall’s Island against Cosmopolitan’s League NY International with a 3-2 loss for the Flamhaft Cup round of 16.

Croatia knocked Brazil out of the World Cup on Friday, beating the five-time champions 4-2 in a penalty shootout to reach the semifinals for the second straight time.

ATHENS - Greek annual inflation rate slowed to 8.

Enter your email address to subscribe

Provide your email address to subscribe. For e.g. abc@xyz.com

You may unsubscribe at any time using the link in our newsletter.