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Thursday, November 13, 1997 Published at 20:16 GMT



World: Europe

Tobacco firms plans to buy F1 team

Reports from London say one of the world's biggest cigarette manufacturers, British American Tobacco, is planning to buy a leading Formula One motor racing team, Tyrrell.

The move, which is said to be in the final stages of negotiation, would help the company circumvent any ban on tobacco advertising on the Grand Prix circuit, such as that proposed by the European Union.

Reports say BAT intends to spend five-hundred-million dollars over five years on the Tyrrell team, which is based in southern England.

Neither party would confirm the deal, but sources quoted by British newspapers said it would be finalised next month.

From the newsroom of the BBC World Service






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