JTI completed the acquisition of an additional stake in Plxsur for $100m.

JTI, a global tobacco and vaping company, completed the acquisition of an additional stake in Plxsur, a reduced risk tobacco products provider, for $100m. Plxsur will use JTI's investment to exercise certain call options over 10 leading independent vaping companies across Europe, North America and Asia in order assemble a large global group of independent vaping companies.