Sep 8, 2011

BAT disposes Bentoel to UBS AG

British American Tobacco (2009 PCA) Limited (BAT) has disposed 970.54 million shares in cigarette maker PT Bentoeal Internasional Investama Tbk (RMBA) to UBS AG, London Branch.
BAT has bagged Rp737.61 billion from the shares sale or representing Rp760 per share. Post the sale, BAT still controls 6.19 billion shareholding in Bentoel Investama or 85.55% stake of the total paid-up capital.

Disclosure: No position at the stock mentioned above.

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