British American Tobacco Inked An Agreement To Sell Its Russian And Belarusian Businesses To Local Management
Portfolio Pulse from Benzinga Newsdesk
British American Tobacco (BTI) has signed an agreement to sell its businesses in Russia and Belarus to local management. The terms of the deal were not disclosed.
September 07, 2023 | 8:50 am
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NEUTRAL IMPACT
British American Tobacco's decision to sell its businesses in Russia and Belarus could potentially impact its revenue and market presence in these regions.
The sale of BTI's businesses in Russia and Belarus could lead to a decrease in revenue and market presence in these regions. However, the impact on the stock price is uncertain as the terms of the deal were not disclosed.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 100