BlackRock, Inc. Increases Stake in British American Tobacco p.l.c.

BlackRock, Inc. has filed a Schedule 13G/A amendment, disclosing an increased ownership in British American Tobacco p.l.c. As of September 30, 2025, BlackRock beneficially owns 143,266,873 shares, representing 6.5% of the outstanding common stock. This marks a significant increase from previous holdings, with the value of the shares rising to $166.36 billion, an 868.1% increase. The filing indicates that BlackRock acquired these shares in the ordinary course of business and not with the intent to influence control of the issuer. The shares are held by various business units of BlackRock, and no single entity owns more than 5% of the total outstanding shares.