Tobacco firm BAT sells Russian business to local management | Reuters

BAT, which controlled just under 25% of the Russian tobacco market, said it had now formally agreed to sell the business and expects the transaction to complete within the next month.

"Upon completion, BAT will no longer have a presence in Russia or Belarus and will receive no financial gain from ongoing sales in these markets," it said in a statement.

Publisher: Reuters

Date: 2023-09-07T13:48:35Z

Author: Emma Rumney

Twitter: @Reuters

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