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 .”
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