British American Tobacco (BAT) has announced that the sale of its Russian and Belarusian businesses has gone through, according to a company press release.
After first announcing its intention to sell its businesses in Russia and Belarus back in March 2022 and formally entering into an agreement to sell its businesses in compliance with local and international laws earlier this month, the sale has now officially gone through.
“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,” a BAT press release reads.
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