This content is from:APP亚博娱乐

BAT To Buy Back £750M Stock

Europe’s largest cigarette maker, British American Tobacco has resumed its share buy-back program after a two-year break.

    Europe’s largest cigarette maker,British American Tobacco(BAT), has resumed its share buy-back program after a two-year break,金融时报》reports. The maker ofLucky Strikecigarettes will repurchase £750 million of stock in 2011.

    The buyback is the equivalent of a 1.6% stake based on a market value of £47.2 billion, addsBloomberg. The London-based company repurchased shares from 2003 to 2008, before suspending the program in 2009.

    Click here for the story from金融时报》.

    Click here for additional coverage fromBloomberg.

    Related Content