7Mes·

$ITC plans to float ITC Hotels on the stock exchange as a spin-off. $BATS (-0,24%) will have around 15% of ITC Hotels (1 ITC Hotels share for every 10 ITC shares). The value of the share package is estimated at around $400 million. BAT plans to sell its stake in ITC Hotels without discount. The proceeds from the sale will be used to reduce debt.

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4 Commenti

immagine del profilo
And $BATS continues to fall further and further 😭
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