Categories
· Business (Tobacco)
non-USA, by Country
· South Africa
Organizations
· BAT
· Richemont
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Jump to full article: ShareCast(uk), 2008-08-08
Intro: British American Tobacco (LSE: BATS.L) is seeking approval from the Johannesburg Stock Exchange to obtain a secondary listing there to help Richemont and Remgro restructure their stakes in the company.
Swiss luxury goods maker Richemont has a 19.4% interest in BAT, while South African investment holding group Remgro, which wants to separate its tobacco interests from other operations, owns a 10.7% stake.
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