British American Tobacco To Buy CHIC Group - Quick Facts

(RTTNews) - British American Tobacco plc (BATS.L, BTI) announced it has signed a conditional agreement to acquire CHIC Group. The CHIC Group has 800 points of sale in Poland, a dedicated e-liquids production facility, a modern research and development centre and leading Polish e-cigarette brands.

British American Tobacco also announced that it has signed a vapour products technology-sharing term sheet with R.J. Reynolds Tobacco Company, a subsidiary of Reynolds American Inc. The term sheet provides a framework for collaboration and mutual cross-licensing of vapour product technologies up to 31 December 2022. The collaboration also includes joint R&D activities.