UK cigarette giant exits Russia ...News

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UK cigarette giant exits Russia
British American Tobacco at one point controlled nearly a quarter of the country’s market UK multinational British American Tobacco (BAT) has finalized a deal to sell its Russian and Belarusian businesses, the company announced on Thursday.  “The buyer is a consortium led by members of BAT Russia’s management team which, upon completion, will wholly own both businesses. Post completion, these businesses will be known as the ITMS Group,” the tobacco giant said in a statement.  According to BAT, the transaction is being carried out in compliance with local and international laws and will be completed within the next

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