American Tobacco sold business to Russian Federation

The world's largest producer of tobacco production of American Tobacco concluded the agreement on sale of business to Russian Federation and Belarus to local management. Trademarks remain in property the Russian businesses. The consortium headed by management of BAT Russia becomes the new buyer of American Tobacco, reports information agency "Interfaks". It is expected that the transaction will come to the end within the next month. "After end of the BAT project will not be present any more to Russian Federation and Belarus and will not get any financial profit on proceeding sales in these markets" — it is spoken in the statement of companies. In...