Lucky Strike maker BAT signs deal to sell Russian business after 18 months

Belgique Nouvelles Nouvelles

Lucky Strike maker BAT signs deal to sell Russian business after 18 months
Belgique Dernières Nouvelles,Belgique Actualités

The business said in March 2022 that it would withdraw from Russia, but had faced criticism for remaining in the country.

The company said: “The buyer is a consortium led by members of BAT Russia’s management team which, upon completion, will wholly own both businesses.”

BAT has a head office in Moscow, 75 regional offices and a factory in St Petersburg. It also has an office in Belarus.The Russian and Belarusian business accounted for around 2.7% of BAT revenue at the end of June, and 2.5% of adjusted profit from operations, allowing for currency fluctuations.

It added: “Russia is violating international humanitarian law, including war crimes and crimes against humanity, through attacks on civilians and civilian infrastructure .”

 

Belgique Dernières Nouvelles, Belgique Actualités

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