British American Tobacco to acquire tobacco assets

British American Tobacco (BAT) reached a principle agreement to acquire the tobacco assets of Bosnian holding firm Fabrika Duhana Sarajevo (FDS) from an Austrian fund.

The news emerged days after the UK group sealed its $49.4bn merger with Reynolds American.

At 11:59am: (LON:BATS) British American Tobacco PLC share price was +1.75p at 4931.25p

Story provided by StockMarketWire.com

 

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