British American Tobacco p.l.c. (LSE:BATS) reached a principle agreement to acquire Tobacco Brands and Retail Business from Fabrika Duhana Sarajevo d.d. on January 26, 2017. The tobacco brands would be acquired for a purchase consideration of €105 million. The final legal binding agreement will be signed in few days. British American Tobacco and Fabrika Duhana Sarajevo will continue with production under the brands of Fabrika Duhana Sarajevo in Sarajevo. The transaction is subject to shareholders approval of Fabrika Duhana Sarajevo and the relevant regulatory approvals is expected to close during the first half of 2017. Alex Kay, Heather Clushaw, Andre Pretorius, Joel Smith, Isaac Zailer Paul Flynn, Emily Naylor, Sophie Dearsley, Elliot Beard, Alberto Martinazzi, Jess Welborn, Josh Lom of Herbert Smith Freehills LLP acted as legal advisor for British American Tobacco p.l.c. Buterin & Posavec acted as legal advisor to Fabrika duhana Sarajevo. CMS acted as legal advisor to Fabrika duhana Sarajevo.