In a filing to the Malaysian stock exchange, the company revealed it had entered into a conditional sale and purchase agreement with LGB Properties Sdn Bhd (LGB) for two sites in Petaling Jaya near Kuala Lumpur. The price for the two factories was reported to be RM218 million (EUR 47.4 million) with a net gain of RM148.8 million (EUR 32.4 million).
The sale is conditional upon approval by BAT’s shareholders, the report said.