British American Tobacco finally agree sale of Russian and Belarusian divisions
British American Tobacco revealed it will finally sell its Russian and Belarusian businesses, 18 months after its initial announcement.
The tobacco firm said it will sell the businesses to a consortium led by its Russian management team.
The group revealed it anticipates the transaction will completed within the next month, once certain conditions have been satisfied.
Upon the completion of the sale, the business will be referred to as theITMS Group.
In a statement, BAT said: 'Throughout the transfer process one of our key priorities has been the interests of our colleagues in Russia and Belarus.