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British American Tobacco to invest $11.9 mln in Mali state firm

Reuters - UK Focus

(Removes reference to BAT shareholding)

BAMAKO, March 12 (Reuters) - British American Tobacco has signed a deal with Malian state tobacco company Sonatam to produce and distribute BAT's Dunhill International cigarettes for the West African market, Sonatam's chief told state radio on Saturday.

"With (Other OTC: WWTH - news) the production of Dunhill International in Mali, Sonatam's production will be brought to 3.2 billion cigarettes compared to 1.7 billion currently," Issouf Traore said.

BAT will invest 7 billion CFA francs ($11.90 million) by 2020 to upgrade the firm's production facilities. The upgrade will create 600 jobs, 200 of which are permanent, said Traore.

($1 USD = 588.38 CFA francs) (Reporting by Tiemoko Diallo; Writing by Makini Brice; Editing by Catherine Evans)