UK cigarette maker BAT sells Russia business

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It agreed to transfer its operations in Russia and Belarus to a group headed by local management.

BAT’s Belarus and Russia activities account for about 2.7% of total revenues and 2.5% of adjusted profits.

The London-listed company has “entered into an agreement to sell its Russian and Belarusian business” to a consortium led by members of BAT Russia’s management team, it said in a statement.

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