On the Record · British American Tobacco p.l.c.
British American Tobacco p.l.c. acquisitions, on the record
The businesses British American Tobacco p.l.c. bought and sold, as its annual reports describe them, with the cash it reported paying for acquisitions each year and every deal filing since 2016.
Deals its annual reports describe
| Business | Deal | When | Value |
|---|---|---|---|
Russia and Belarus businessesWord for word“The sale of our businesses in Russia and Belarus completed in September 2023.” 20-F for 2024 | divestiture | September 2023 | — |
MaliWord for word“Volume was 0.9% lower (2023: up 0.9%), largely driven by South Korea and our exit from Mali;” 20-F for 2024 | divestiture | — | — |
the Group's businesses in Russia and BelarusWord for word“In 2023, we sold our businesses in Russia and Belarus for net proceeds in the amount of £266 million.” 20-F for 2025 | divestiture | In 2023 | £266 million |
ITC HotelsWord for word“In December 2025, the Group sold 9% of ITC Hotels in a block trade, realising net proceeds of £318 million , with the retained direct stake reduced to 6.3%.” 20-F for 2025 | divestiture | In December 2025 | £318 million |
Read from British American Tobacco p.l.c.’s annual reports (20-F for 2025, 20-F for 2024, 20-F for 2023) and the financial data it files with the SEC, as of 2026-02-13. Every quotation is word for word from the filing linked beside it; how these pages are built and checked. The full record is in its company data sheet.