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1963 British-American Tobacco

 

 

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Stock Code BAT01

 
Company British-American Tobacco, a tobacco manufacturer formed in 1902. History
Description Certificate no. 73119 for three ordinary shares of 10/- each. Imprint of company seal.
Issued To Major James Percy Howe Donovan of 54 Parliament Street, London, SW1.
Issue Date 21st June 1963
Company Officers
     
     
Size 25cm wide x 20cm high

Framed Certificate Price : £60.00

Certificate Only Price : £20.00

 

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History
Established in 1902, when the United Kingdom's Imperial Tobacco Company and the American Tobacco Company of the USA agreed to form a joint venture, the British-American Tobacco Company Ltd. 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. James 'Buck' Duke became its chairman. The British American Tobacco business thus began life in countries as diverse as Canada, China, Germany, South Africa, New Zealand and Australia, but not in the United Kingdom or USA.

In 1911 the American Tobacco Company sold its share of the company. Imperial Tobacco gradually reduced its shareholding, but it was not until 1980 that it divested its remaining interests in the company.

In 1976 the group companies were reorgansied under a new holding company, B.A.T Industries. In 1994 BAT acquired its former parent, American Tobacco Company (though reorganised after anti-trust proceedings). This brought the Lucky Strike and Pall Mall brands into BAT's portfolio.

In 1999 it acquired Rothmans International, which included a share in a factory in Burma. This made it the target of criticism from human rights groups. It sold its share of the factory on November 6, 2003 after an "exceptional request" from the British government.

In 2003, BAT acquired Ente Tabacchi Italiani (ETI) S.p.A, Italy's state tobacco company. The important acquisition would elevate BAT to the number two position in Italy, the second largest tobacco market in the European Union. The scale of the enlarged operations would bring significant opportunities to compete and grow ETI's local brands and BAT's international brands.

In January 2007, BAT closed its remaining UK production plant in Southampton with the loss of over 600 jobs. However, the global Research and Development operation and some financial functions will continue on the site.

British American Tobacco also reached prominance in 2002 for the McCabe v. British American Tobacco Australia court case, which received international attention through its revelations of document destruction by British American Tobacco.

 

 

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