Tobacco firm BAT sells Russian business to local management ...Middle East

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A woman poses with a cigarette in front of BAT (British American Tobacco) logo in this illustration taken July 26, 2022. REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing Rights LONDON, Sept 7 (Reuters) – British American Tobacco (BATS.L) said on Thursday it entered into a deal to sell its Russian and Belarusian businesses to a consortium led by members of BAT Russia’s management team. The maker of Camel and Lucky Strike cigarettes said in March 2022 it would look to exit Russia as Western companies pulled out en masse amid sanctions imposed by the United States, European Union and others following Russia’s invasion of Ukraine. The company controlled just under 25% of th

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Tobacco firm BAT sells Russian business to local management ...Middle East

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