Ente Tabacchi Italiani SpA to BAT

Tobacco/Jul 2003

EV / LTM EBITDA

11.8x

EV / LTM Sales

3.3x

Enterprise Value

$2.7B

Primary Source

Barclays

All Observations

Source-specific multiples and notes for this transaction.

Primary?	Source Type	Fairness Opinion / Source	Advisor	Source Year	Enterprise Value	EV/Sales	EV/EBITDA	EV/Fwd EBITDA	Note	Citation
Primary	fairness opinion	LO FO	Barclays	2014	$2.7B	3.3x	11.8x	-	-	Open