British American Tobacco Looks to Sell Down ITC Hotels Stake to Reduce Debt

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Jennifer Creery

HIT Jennifer Creery, of Bloomberg News, at Bloomberg's European headquarters in London, U.K., on Wednesday, August 7, 2024. Photographer: Hollie Adams/Bloomberg

Julia Fioretti

Company Overview

BAT Seeks About $430m in Upsized ITC Hotels Block Trade: Terms

BAT Units Seek $333 Million From ITC Hotels Stake Sale: Terms

BAT Starts $2 Billion Buyback Following Its ITC Stake Sale (1)

BAT to Start Buyback After Selling Up to $2.1 Billion of ITC (2)

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British American Tobacco plans to sell up to its entire stake in Indian hospitality company ITC Hotels as the maker of Lucky Strike cigarettes seeks to reduce debt

British American Tobacco Plc

British American Tobacco Plc has increased the size of the stake it is seeking to sell in Indian hospitality company ITC Hotels Ltd. as the maker of Lucky Strike cigarettes seeks to reduce debt.

BAT Seeks About $430 Million in Upsized ITC Hotels Block

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