British American Tobacco (BTI +1.5%) inks a deal to purchase Colombia's 2nd largest cigarette...

|About: British American Tobacco... (BTI)|By:, SA News Editor

British American Tobacco (BTI +1.5%) inks a deal to purchase Colombia's 2nd largest cigarette maker for $452M. A much smaller market than Asia, a wealthier, more brand-conscious Latin America can still offer growth and profits to tobacco companies getting less of both in their home markets.