Richemont up on British American Tobacco stake sale plan

LONDON (Dollar Drops) — Shares of Richemont jumped 5.8% in early Swiss trading after the company said it may split off its 31% stake in British American Tobacco from the core luxury goods operation. The proposal would give Richemont shareholders the option of becoming direct stakeholders in British American Tobacco. Shares of the tobacco firm dropped 1.9% in London.
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