Earlier this month, BATS’ management stated that they were reviewing their stake in ITC to enhance its balance sheet flexibility. A selldown would be worth US$2.5bn.
Boomeranged on Tue, 12 Mar 2024 20:47
The deal is now live for a target raising of US$2bn, which will drop BAT's stake to 25.5%. The news of the deal was leaked earlier today so its well flagged but still won't be easy to digest.
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