Eastern Co.’s [EAST.CA] Board of Directors (BoD) approved renewing the 50:50 partnership agreement with Al Mansour International Distribution Co. to jointly manufacture cigarettes under the brand name ‘Target’ in Egypt. The contract, initially signed in Apr 2017, will be renewed with the same conditions for a period of five years starting from 26 Apr 2019 until 25 Apr 2024. The company’s BoD also approved renewing the 50:50 partnership agreement with British American Tobacco (BAT) to produce both Pall Mall and Viceroy cigarettes for a period of five years starting 3 Jun 2019 until 2 Jun 2024.  
 
Eastern Company: EGP17.01 as of 27 Feb. 2019, MCap: USD2,185mn