British American Tobacco finalizes sale of operations in Russia, Belarus

British American Tobacco (BAT), a leading player in the global tobacco industry, has confirmed the completion of its business operations’ sale in Russia and Belarus. The deal, conducted in accordance with national and international legislation, marks a significant change in BAT’s strategic approach to these markets, Report informs via BNN Breaking.

On September 7th, BAT’s Russian office announced the deal’s conclusion. It was clarified that the trademarks used would remain the property of the Russian buyer, indicating a diversified approach to managing BAT’s international portfolio. However, the specifics about the buyer and the financial terms of the deal remain undisclosed, maintaining a level of confidentiality about the transaction.