Pacific looking to invest $5 million in Mozambican company

Tobacco processing company Pacific Cigarette Company is looking at investing up to $5 million in Mozambican Tobacco Company. Pacific is looking at acquiring at least 50 percent shareholding in the Mozambican company as the company looks to become a dominant player on the continent.

Said PPacific, chief executive Mr Nick Hales:

We are in advanced stages of negotiations to expand our interests in Mozambique

We have been working with them for years; providing our technical expertise

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