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

Thu Jul 31, 2008 12:52pm EDT
 
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

(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)