Shareholding Increase

12 Dec 2005 14:08

British American Tobacco PLC12 December 2005 British American Tobacco Increases shareholding in Skandinavisk Tobakskompagni British American Tobacco has today completed the transaction to increase itsshareholding in Skandinavisk Tobakskompagni (STK). As a result, the Group'sshareholding in STK will rise from 26.6 per cent to 32.3 per cent, at a purchaseprice of €140 million (£95 million) payable in cash. On 21 October 05, British American Tobacco announced its intention to excise itspre-emption rights over part of Andresen Holdings' shareholding in SkandinaviskTobakskompagni (STK). ENQUIRIES British American Tobacco Press Office Investor RelationsDavid Betteridge / Teresa La Thangue / Emily Brand Ralph Edmondson/Rachael Cummins+44 (0) 20 7845 2888 (24 hours) +44 (0) 20 7845 1180 or 1519 Notes to editors • STK has been an associate company of British American Tobacco since 1972. STK, a privately controlled company, is among Denmark's largest international businesses and mainly engaged in the production and sales of tobacco products. This information is provided by RNS The company news service from the London Stock Exchange