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<font size="2">'''Addendum+:''' In 1953, Carreras acquired the assets of R & J Hill Limited of London and the entire share capital of Murray, Sons & Company Limited of Belfast who was manufacturing a fine range of popular pipe tobaccos, including Erinmore Mixture and Erinmore Flake. In 1954 the Rembrandt Tobacco Company acquired a controlling interest in Rothmans. Rembrandt was expanding and in 1958 acquired Carreras (the Carreras company it was an independent company until November 1958, when it merged with Rembrandt). 1961 the business had expanded to the point where Carreras had acquired the Rothmans cigarette and tobacco business in Britain and some of its overseas markets. As a result of this deal, the biggest shareholder in the enlarged operation became Rothmans Tobacco (Holdings).<ref name=CigaretteB>Harrald, Chris; Watkins, Fletcher (2010). The Cigarette Book: The History and Culture of Smoking. Skyhorse Publishing Inc.</ref> The Carreras Group acquired 50% of Dunhill's capital in 1967<ref name=balfourchronology>Balfour, Michael. (1992). Alfred Dunhill, One Hundred Years and More (pp. 234-236). London, Weidenfield and Nicolson.</ref>. Carreras Rothmans Ltd was formed in 1972 when Carreras Limited was used as the vehicle for the merger of various European tobacco interests to form Rothmans International. In 1988, the Rembrandt group founded the Swiss luxury goods company, Richemont, which in turn acquired Rembrandt's shares in Rothmans.</font> | <font size="2">'''Addendum+:''' In 1953, Carreras acquired the assets of R & J Hill Limited of London and the entire share capital of Murray, Sons & Company Limited of Belfast who was manufacturing a fine range of popular pipe tobaccos, including Erinmore Mixture and Erinmore Flake. In 1954 the Rembrandt Tobacco Company acquired a controlling interest in Rothmans. Rembrandt was expanding and in 1958 acquired Carreras (the Carreras company it was an independent company until November 1958, when it merged with Rembrandt). 1961 the business had expanded to the point where Carreras had acquired the Rothmans cigarette and tobacco business in Britain and some of its overseas markets. As a result of this deal, the biggest shareholder in the enlarged operation became Rothmans Tobacco (Holdings).<ref name=CigaretteB>Harrald, Chris; Watkins, Fletcher (2010). The Cigarette Book: The History and Culture of Smoking. Skyhorse Publishing Inc.</ref> The Carreras Group acquired 50% of Dunhill's capital in 1967<ref name=balfourchronology>Balfour, Michael. (1992). Alfred Dunhill, One Hundred Years and More (pp. 234-236). London, Weidenfield and Nicolson.</ref>. Carreras Rothmans Ltd was formed in 1972 when Carreras Limited was used as the vehicle for the merger of various European tobacco interests to form Rothmans International. In 1988, the Rembrandt group founded the Swiss luxury goods company, Richemont, which in turn acquired Rembrandt's shares in Rothmans.</font> | ||
<font size="2">'''Addendum++:''' Alfred Dunhill is one of the brands of the Richemont group which owns percent effective interest of BAT stock. In June 2004, holders of warrants over British American Tobacco preference shares exercise their rights and have preference shares converted into new ordinary shares in British American Tobacco. Richemont's effective interest in British American Tobacco reduced to 18.6 percent in June 2004. Richemont announces in March 2005 that it has marginally reduced its interest in British American Tobacco to 18.2 percent through the indirect sale of 12,854,457 British American Tobacco shares to its joint venture partner, Remgro Limited. In 2007 Richemont and Remgro reach an agreement with British American Tobacco whereby their combined equity interest in British American Tobacco may increase through the 30 percent limit without any obligation to make a full bid for the shares that they do not already own. Richemont and Remgro's effective interests have increased as British American Tobacco's share buyback program reduces the overall number of shares in issue; Richemont and Remgro do not participate in the buyback.<ref name=richemont>Richemont History, including Significant Investments and Divestments Retrieved 06 February 2020 from [https://www.richemont.com/group/history-including-significant-investments-and-divestments.html Richemont]</ref></font> | <!--<font size="2">'''Addendum++:''' Alfred Dunhill is one of the brands of the Richemont group which owns percent effective interest of BAT stock. In June 2004, holders of warrants over British American Tobacco preference shares exercise their rights and have preference shares converted into new ordinary shares in British American Tobacco. Richemont's effective interest in British American Tobacco reduced to 18.6 percent in June 2004. Richemont announces in March 2005 that it has marginally reduced its interest in British American Tobacco to 18.2 percent through the indirect sale of 12,854,457 British American Tobacco shares to its joint venture partner, Remgro Limited. In 2007 Richemont and Remgro reach an agreement with British American Tobacco whereby their combined equity interest in British American Tobacco may increase through the 30 percent limit without any obligation to make a full bid for the shares that they do not already own. Richemont and Remgro's effective interests have increased as British American Tobacco's share buyback program reduces the overall number of shares in issue; Richemont and Remgro do not participate in the buyback.<ref name=richemont>Richemont History, including Significant Investments and Divestments Retrieved 06 February 2020 from [https://www.richemont.com/group/history-including-significant-investments-and-divestments.html Richemont]</ref></font>--> | ||
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