BAT buys Indonesia's Bentoel

British American Tobacco has said it had bought an 85-percent stake in Indonesia's Bentoel for 494 million dollars (356 million euros) to produce kretek cigarettes made from tobacco and cloves. "This transaction represents an excellent strategic opportunity to enter the very large and growing Indonesian kretek market and will provide a platform for future growth," BAT's Asia-Pacific director John Daly said in a statement. Bentoel is the fourth largest cigarette maker in Indonesia, which is the world's fifth biggest tobacco market by volume, BAT said. Kretek cigarettes account for some 93 percent of the Indonesian market.

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