British American Tobacco was created on September 29th 1902 as a joint venture between Imperial Tobacco Company of the UK and the American Tobacco Company of the US following a fierce trade war. The parent companies agreed not to trade in each other's domestic territory and to assign trademarks, export businesses and overseas subsidiaries to the joint venture. In 1911 BAT became wholly British when the American Tobacco Company relinquished its shares.


BAT acquired the Brazilian tobacco manufacturer ...

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