Imperial Brands PLC (LSE:IMB) is looking for acquisition opportunities. Imperial Brands teamed up with rival China Tobacco to develop a variety of growth opportunities in Asia's largest economy and overseas via a Hong Kong-based joint-venture to be named Global Horizon Ventures. "The partnership has the potential to deliver additional meaningful Growth Brand volumes in the JV's first five years. Further tobacco and next generation product launches, as well as potential M&A opportunities, will also be evaluated by GHVL in due course," the company said in a statement.