Brief: BAT To Sell Between 7 % To 15.3 % Of ITC Hotels Stake
04/12/2025 12:26
Dec 4 (Reuters) - British American Tobacco PLC BATS.L: BRITISH AMER.TOBACCO - PROPOSED BLOCK TRADE OF ITC HOTELS SHARES BAT: UNITS INTEND TO SELL BETWEEN 7 % AND C.15.3 % OF ISSUED ORDINARY SHARE CAPITAL IN ITC HOTELS LIMITED BAT: PROCEEDS WILL BE USED TO PROGRESS TO WITHIN TARGET 2-2.5 TIMES ADJUSTED NET DEBT/ADJUSTED EBITDA LEVERAGE CORRIDOR BY END OF 2026 Source text: ID:nRSD3057Ka Further company coverage: BATS.L ((Reuters.Briefs@thomsonreuters.com;))
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