Business
Russia business update - sale completed
Russia business update - sale completed.
About this update from British American Tobacco P.l.c.
[{"type":"text","content":"\n\nBritish American Tobacco p.l.c.\n14 September 2023\n \n \nRussia business update - sale completed\nFurther to our announcement on 7 September 2023, we have now completed the sale of our Russian and Belarusian businesses. The sale has been carried out in compliance with local and international laws and follows the receipt of all necessary approvals.\n \nENDS\nEnquiries\nMedia Centre\n+44 (0) 20 7845 2888 (24 hours) | @BATplc\nInvestor Relations\nVictoria Buxton: +44 (0)20 7845 2012\nAmy Chamberlain +44 (0)20 7845 1124\nJohn Harney: +44 (0)20 7845 1263\nJane Henderson +44 (0)207845 1117\n \nAbout BAT\nBAT is a leading, multi-category consumer goods business with a purpose to build A Better Tomorrow™ by reducing the health impact of its business through offering a greater choice of enjoyable and less risky products for adult consumers.\nThe company continues to be clear that combustible cigarettes pose serious health risks, and the only way to avoid these risks is not to start or to quit. BAT encourages those who would otherwise continue to smoke to switch completely to scientifically-substantiated, reduced-risk alternatives*†. In order to deliver this, BAT is transforming into a truly consumer-centric multi-category consumer products business.\nBAT's ambition is to have 50 million consumers of its non-combustible products by 2030 and to generate £5billion of New Categories revenue by 2025. BAT has set stretching ESG targets including achieving carbon neutrality for Scopes 1 & 2 by 2030 and eliminating unnecessary single-use plastic and making all plastic packaging reusable, recyclable or compostable by 2025.\nBAT employs over 50,000 people. The BAT Group generated revenue of £27.65 billion in 2022 and profit from operations of £10.5 billion.\nThe company's Strategic Portfolio is made up of its global cigarette brands and a growing range of reduced-risk*† New Category tobacco and nicotine products and traditional non-combustible tobacco products. These include vapour, tobacco heating products, modern oral products including tobacco-free nicotine pouches, as well as traditional oral products such as snus and moist snuff. In the first half of 2023, we had 24 million consumers of our non-combustible products, a rise of 1.5 million on full year 2022.\n* Based on the weight of evidence and assuming ...