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Michele Maatouk Sharecast News
01 Dec, 2015 13:20 01 Dec, 2015 13:59

BAT signs vapour collaboration with RJ Reynolds Tobacco Co

British American Tobacco has signed a vapour products technology-sharing agreement with RJ Reynolds Tobacco Company, which is a subsidiary of Reynolds American Inc.

British American Tobacco

2,855.00p

15:45 15/11/24
1.86%
52.00p

FTSE 100

8,060.61

15:45 15/11/24
n/a
n/a

FTSE 350

4,453.56

15:45 15/11/24
n/a
n/a

FTSE All-Share

4,411.85

15:45 15/11/24
n/a
n/a

Tobacco

33,072.47

15:45 15/11/24
1.57%
510.39

The agreement provides a framework for collaboration and mutual cross-licensing of the parties' vapour product technologies up to the end of 2022.

The collaboration also contemplates joint research and development activities and co-operation on regulatory, scientific and manufacturing issues relating to vapour products.

BAT’s managing director of Next Generation Products, Kingsley Wheaton, said: "This is an important milestone for BAT. This agreement should provide a strong platform to meet the demands of consumers today and in the future."

At 1325 GMT, British American Tobacco shares were down 0.2% to 3,861.50p.

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