LONDON (dpa-AFX) - 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.
BAT's operations in Russia include a head office in Moscow, 75 offices and a manufacturing facility.
British American Tobacco stated that it remains confident of delivering full year guidance as set out at half year results on 26 July 2023.
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