British American Tobacco Holder Sells £1.2 Billion Stake

(Bloomberg) -- Reinet Investments SCA agreed to sell its 2% stake in British American Tobacco Plc for £1.22 billion ($1.49 billion), exiting its long-running position in the company. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesBAT shares slumped as much as 2.9% on Tuesday for its sharpest intraday drop since October. Reinet said its offering of about 43.3 million shares in the London-listed group via JPMorgan Chase & Co. pric