U.S. cigarette brands

BAT writes down $31.5 billion from value of U.S. cigarette brands

Reuters Dec 7, 2023 0

LONDON, Dec 6 (Reuters) - British American Tobacco (BATS.L) said it would take a hit of around $31.5 billion as it writes down the value of some U.S. cigarette brands, acknowledging on Wednesday that its traditional market has no long-term future. BAT shares fell as much as 10.2% in London to…

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