INTERNATIONAL cigarette giant Japan Tobacco Inc has completed its acquisition of the assets of home-grown manufacturer Mighty Corporation, paving the way for the full payment of 30 billion pesos (Bt19.5 billion) to the Philippine government as part of the agreement to settle the latter’s unpaid tax dues.

THE PHILIPPINE unit of Japan Tobacco has sought clearance from the country’s antitrust body for its purchase of home-grown Mighty Corp’s assets and distribution network.