British American Tobacco buys remaining shares in Vranje factory

British American Tobacco (BAT), headquartered in London, has bought the remaining shares it didn’t own in the BAT factory in Vranje and thus increased it's ownership interest from the former 88,16% to 99,16%, BAT Vranje subsidiary stated.

According to the BAT official statement published in the Belgrade Stock Exchange, the company bought the rest of the shares at the price of RSD 1,020 per share on the basis of new bid for takeover, which was completed on September 10, 2018.

Keeping in mind that the previous bid submitted in April, when BAT bought 702 shares, stated the price of RSD 1,000 per share, the company said that it would pay out the difference of RSD 20 per share to all shareholders who had accepted the April bid.

BAT London had 787,797 shares in total or 88,18% of ownership interesting in the tobacco plant in Vranje but after this purchase it owns 885,908 shares or 99,16%.

British American Tobacco

British American Tobacco Vranje Div-Bat Vranje

British American Tobacco

BAT

BAT in Vranje

BAT London buys shares in Vranje factory