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BAT to sell 2.5% More...
Financial Express Lucknow
|May 28, 2025
Earlier this year, the London-listed cigarette maker had forecast just 1% growth in its annual revenue, primarily due to tax headwinds in Bangladesh and Australia.
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According to London-headquartered BAT, the transaction will provide it with increased financial flexibility as it delivers on its commitment to invest in transformation, deleverage and sustainable shareholder returns.
Proceeds will be used to progress to within the target 2-2.5x adjusted net debt/adjusted EBITDA leverage corridor (adjusted for Canada) by the end of 2026.
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