British American Tobacco p.l.c. (LSE: BATS, JSE: BTI) is a global tobacco company headquartered in London, United Kingdom. It is the world’s second largest quoted tobacco company by global market share (after Philip Morris International), with a leading position in more than 50 countries and a presence in more than 180 countries. Its brands include Dunhill, Kent, Lucky Strike and Pall Mall.
Its primary listing is on the London Stock Exchange and it is a constituent of the FTSE 100 Index. It has a secondary listing on the Johannesburg Stock Exchange.
The company was formed 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 and the British American Tobacco business began life in countries as diverse as Canada, China, Germany, South Africa, New Zealand and Australia, but not in the United Kingdom or USA.