BAT greases Johann Rupert’s Reinet juggernaut

Despite having significantly reduced British American Tobacco’s (BAT’s) share of its asset base over the last decade, Johann Rupert-controlled Reinet said the cigarette maker continued to be a fortress, giving it liquidity to pursue other opportunities.

In its annual report made public on Tuesday, Reinet said it had received €122m in dividends from BAT in the year ended March. ..

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