British American Tobacco Stock in December 2025: ITC Hotels Sale, Buybacks and Dividend Outlook for BTI & BATS Investors
British American Tobacco sold a 9% stake in ITC Hotels on 5 December 2025, raising about $420 million and cutting its holding to 6.3%. BAT shares closed at £42.83 in London, up over 40% year-on-year and near a 52-week high, with the ADR near $57 in New York. The company plans to use proceeds to reduce debt, targeting a leverage ratio of 2.0–2.5x by end-2026.