British American Tobacco acquires stake in Bosnian tobacco plant

September 15, 2016 12:47 PM

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British American Tobacco acquires stake in Bosnian tobacco plant

SARAJEVO British American Tobacco BAT.L has bought a Bosnian regional government's 39.9 percent stake in tobacco factory Fabrika Duhana Sarajevo (FDS) FDSS.SJ for 42.7 million Bosnian marka ($24.4 million), BAT said on Thursday.

Bosnia's Bosniak-Croat Federation is attempting to privatize a number of state-owned enterprises to plug a hole in its budget.

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