BAT chief executive Tadeu Marroco said in its preliminary earnings release for 2023 that the company continues “to pursue all opportunities to enhance balance sheet flexibility” and as part of this regularly reviews its stake in ITC.
London-based BAT has seen a sell-off in its shares in the past week, rendering its market cap below ITC to $64 billion. The stock fell sharply after the company said it would take a hit of around $31.5 billion as it wrote down the value of some US cigarette brands, acknowledging that its traditional combustible market has no long-term future.
At the end of the latest market close, CBAK Energy Technology Inc. (CBAT) was valued at $2.07. In that particular session, Stock kicked-off at the price of $2.11 while reaching the peak value of $2.28 and lowest value recorded on the day was $2.06. The stock current value is $2.22.Recently in News o