British American Tobacco announced on October 8, 2025, the sale of a 2.5% stake in the Indian conglomerate ITC for $1.42 billion. This divestiture exceeded the company's initial financial expectations for the transaction.
The sale represents a strategic move to monetize a non-core asset, providing significant capital to BTI. This capital can be utilized for deleveraging, share buybacks, or further investments in its core transformation strategy.
This action aligns with BTI's stated intention to divest its stake in ITC at an opportune moment to maximize shareholder value. The successful execution of this sale strengthens the company's financial flexibility.
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