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Jakarta Post
The Jakarta Post
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BAT buys Bentoel to challenge Big Three market domination

  • The Jakarta Post

JAKARTA | Thu, June 18 2009 | 10:58 am

PREMIUM British American Tobacco Plc., Europe’s largest cigarette maker, has bought a majority stake in PT Bentoel Internasional Investama, the nation’s fourth-largest cigarette producer, to bolster its stake in the country’s highly lucrative cigarette market. BAT bought the stake from various shareholders, including previous majority holder Rajawali Group, a local diversified-business giant,...