File - As recently as 2011, Peugeot sold 455,000 cars in Iran, making the country its second-largest market after France.
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In the aftermath of Iran's nuclear deal with world powers, investors are assessing which companies are best-placed to profit from an end to sanctions.While big oil and gas producers such as BP Plc, Royal Dutch Shell Plc and Total SA have been exploring ways to take advantage of a breakthrough with the energy-rich state, access to Iran's 80-million strong population should also provide a boon to companies selling consumer goods from food and cigarettes to cars and luxury handbags.According to investors and analysts, potential winners from Tuesday's historic accord include Danone, Nestle SA, Peugeot SA and Airbus Group SE, as well as LVMH Moet Hennessy Louis Vuitton SE and British American Tobacco Plc."The interesting part of the market is the Iranians that will travel abroad easily, and the push to travel abroad will be by the most affluent," said Mario Ortelli, analyst at Sanford C. Bernstein in London.He said companies that could take advantage include Louis Vuitton, Hermes and Prada, as well as Kering's Gucci, Bottega Venetta and Yves Saint Laurent brands.At the other end of the consumer market, tobacco companies are also eyeing an Iranian population that smokes about 52.6 billion cigarettes each year, according to British American Tobacco's website.
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