July 31, 2008 / 3:51 PM / 9 years ago

CORRECTED: Canada tobacco firms to pay more than C$1 billion

1 Min Read

(Corrects third paragraph to show that Rothmans Benson & Hedges is owned by Philip Morris and Rothmans Inc, deletes reference to Altria Group)

OTTAWA (Reuters) - Two Canadian tobacco firms that pleaded guilty to helping smugglers said on Thursday they would pay more than C$1 billion ($980 million) in fines and payments to boost anti-smuggling efforts over the next 15 years.

Imperial Tobacco Canada Ltd -- a unit of British American Tobacco -- has paid a C$200 million fine and will pay up to C$400 million more over the next 15 years.

Rothmans Benson & Hedges Inc, a unit of Philip Morris and Rothmans Inc, has paid a C$100 million fine and will pay C$450 million more over the next 10 years.

($1=$1.02 Canadian)

Reporting by David Ljunggren

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