Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed
British American Tobacco is a multinational company that manufactures and sells cigarettes, tobacco and other nicotine products. It has operations in around 180 countries, and its cigarette brands include Dunhill, Kent, Lucky Strike, Pall Mall and Rothmans.
Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market or liquidated local entity(ies)
Exited Exit Completed27/07/2022: has initiated the process of transferring its Russian business. On September 7, 2023 British American Tobacco p.l.c. said it has now formally entered into an agreement to sell its Russian and Belarusian businesses. The buyer is a consortium led by members of BAT Russia's management team. Post completion, the businesses will be known as the ITMS Group.
Exit Russian operations. BAT said it was in advanced discussions with a "joint management distributor consortium" on the sale of its businesses in Russia and Belarus, but did not reveal the identity of the party or divulge further details on the talks. British American Tobacco p.l.c. said it has now formally entered into an agreement to sell its Russian and Belarusian businesses. The buyer is a consortium led by members of BAT Russia's management team. Post completion, the businesses will be known as the ITMS Group. British American Tobacco p.l.c. said it has now formally entered into an agreement to sell its Russian and Belarusian businesses. The buyer is a consortium led by members of BAT Russia's management team. Post completion, the businesses will be known as the ITMS Group. "Further to our announcement on 7 September 2023, we have now completed the sale of our Russian and Belarusian businesses. The sale has been carried out in compliance with local and international laws and follows the receipt of all necessary approvals."