Monday, October 19, 2009

Bentoel merge with BAT Indonesia

PT Bentoel Internasional Investama Tbk will merge with PT BAT Indonesia Tbk. The British American Tobacco p.l.c (BAT) had acquired an 85.13% stake or 5.73 billion shares in a national cigarette company, PT Bentoel Internasional Investama Tbk, at IDR5 trillion, on August.
Shares of BAT Indonesia will convert with Bentoel shares with ratio 1 BAT shares exchange 7,68 Bentoel shares.

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