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Richemont, Remgro Plan to Spin Off 27% Stake in BAT (Correct)  

(Corrects date of spinoff in second paragraph.)
Jump to full article: Bloomberg News, 2008-08-08
Author: Thomas Mulier

Intro:

Cie. Financiere Richemont SA and Remgro Ltd., companies controlled by South Africa's billionaire Rupert family, said they will spin off a combined 27 percent stake in British American Tobacco Plc before higher taxes in Luxembourg hurt the investment.

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