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Imperial Tobacco set for £5bn cash call  

Jump to full article: Electronic Telegraph (uk), 2008-05-19
Author: Ben Harrington

Intro:

Imperial Tobacco is this week expected to launch one of Britain's biggest rights issues when it asks shareholders for up to £5bn.

The tobacco giant, which owns the Lambert & Butler, Davidoff and JPS cigarette brands, has already hinted that it will raise up to £5bn by July 18 so that it can keep up its investment-grade credit rating following the €12.6bn (£10m) purchase of Altadis.

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