CHILE
BAT to acquire minority shareholdings in Chiletabacos

Inversiones Precis Limitada, a wholly-owned subsidiary of British American Tobacco, intends to make an offer to acquire the 29.63 per cent of the shares in Chiletabacos  that British American Tobacco does not already control for CLP 5,000 per share in cash.

The offer will value the total minority shareholding at approximately CLP 104 billion (GBP 104 million). The offer will represent a premium of 33.3 per cent over the closing share price of Chiletabacos on 26 July.
For British American Tobacco the transaction is expected to be earnings per share enhancing, cash accretive and will simplify the local capital structure.  It also demonstrates a long-term commitment to, and confidence in Chile.  The transaction will be funded from the group’s existing resources.
Chiletabacos is the largest tobacco company in Chile, selling approximately 13 billion cigarette sticks per annum.  For the year ended 31 December 2005, it reported earnings per share of CLP 354.4, net income was CLP 24.8 billion and shareholder equity CLP 45.6 billion.
Separately, and in line with the announcement already made by Souza Cruz, British American Tobacco confirms that it has, from time to time, analysed the possibility of making a public offer for the 25 per cent of shares in its Brazilian subsidiary Souza Cruz that it does not already own but does not currently intend to make such an offer. (ci)

Want to read the latest TJI?

Industrie.de Infoservice
Vielen Dank für Ihre Bestellung!
Sie erhalten in Kürze eine Bestätigung per E-Mail.
Von Ihnen ausgesucht:
Weitere Informationen gewünscht?
Einfach neue Dokumente auswählen
und zuletzt Adresse eingeben.
Wie funktioniert der Industrie.de Infoservice?
Zur Hilfeseite »
Ihre Adresse:














Die Konradin Verlag Robert Kohlhammer GmbH erhebt, verarbeitet und nutzt die Daten, die der Nutzer bei der Registrierung zum Industrie.de Infoservice freiwillig zur Verfügung stellt, zum Zwecke der Erfüllung dieses Nutzungsverhältnisses. Der Nutzer erhält damit Zugang zu den Dokumenten des Industrie.de Infoservice.
AGB
datenschutz-online@konradin.de