!!!Austria Tabak

Austria Tabak, founded 1784 by the "Tabakpatent" (Tobacco Patent) 
signed by Joseph II, called the "Oesterreichische Tabakregie" 
until 1938, run as joint-stock company wholly owned by the Republic of 
Austria after World War II (until 1997). As the state-owned 
monopoly enterprise, Austria Tabak was charged with the administration 
and discharge of all duties arising from the tobacco monopoly. At the 
beginning of the 1990s, the company was transformed from a monopoly 
enterprise into an internationally orientated industry and service 
enterprise, in view of the EU Single Market and its accompanying 
abolition of the monopoly. From 1993-1995 Austria Tabak also owned the 
HTM-Gruppe comprising Head, Tyrolia, Mares, and Brixia. Since 1997 
Austria Tabak AG has been listed at the Vienna Stock Exchange, having 
had more than half of its shares privatised.

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Austria Tabak sold a total of 20 bn cigarettes from its own production 
lines in 1996, 13 bn of which were sold in Austria. Austria Tabak's 
tobacco products can be purchased in 40 countries. In 1996 the group's 
net revenues were ATS 17.4 bn and it employed 3,500 people.


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