The Altria group buys a 35% stake in the Juul company that manufactures electronic cigarettes. The transaction amount is $12.8 bln. Thus Juul is estimated at $38 bn. This makes it one of the most expensive private companies in the world. This is reported by the Financial Times with reference to the statement of Altria, broadcast "Vedomosti". For Altria It is the biggest investment. The group financed the transaction with the help of a loan of $14.6 billion, executed through JPMorgan. According to the agreements, Altria within six years from the moment of closing the deal will not be able either to increase its share or to sell the purchased shares. Juul was the most popular electronic cigare... [Read more]