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Article: BRITISH AMERICAN TOBACCO RAISES STAKE IN INDONESIAN SUBSIDIARY.

Article from:
AsiaPulse News
Article date:
January 4, 2008
Copyright

JAKARTA, Jan 4 Asia Pulse - British American Tobacco (BAT) has raised its stake in PT British American Tobacco Indonesia Tbk (BATI) to 77.7 per cent from 71.1 per cent after buying all the 5.035 million BATI shares from First Eagle Overseas Fund for Rp28.196 billion (US$3 million).

"The purchase value reaches Rp28.196 billion or Rp5,600 per share," Harley Nelson, vice president of Arnhold and S. ...

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