BAT Lost £3.45 billion from Selling Assets in Russia and Belarus
Recently, according to Reform News, British American Tobacco assessed the losses from selling their businesses in Belarus and Russia. The company's 2023 annual report shows that their assets in Russia and Belarus were originally valued at £770 million, but were sold for £425 million, resulting in a direct trading loss of £345 million.
In September 2023, BAT sold its "BAT Russia Company" and it is now owned by ITMS Group.
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