Philip Morris to buy Sampoerna stake

1-Apr-2005

Philip Morris has announced plans to acquire a controlling stake in Indonesian tobacco manufacturer Sampoerna

Article Preview:

Subject to regulatory approval, Philip Morris  will acquire 40% of the company from stakeholders—including the Sampoerna family—before making an offer for the remaining shares. The deal values the company at

........
Login To Read More | Subscribe To Read More
Your Comments On This Article

Name:
Email:
- Not displayed on website
Comments:
Please note:
Only alpha-numeric characters allowed for comments
Security Image:
Please enter image text in the security code field
Security Code:
 

Related Stories

Articles bearing the symbol  require subscription.

(15-Mar-2005) - Indonesian ambitions for the dominant global cigarette supplier
(15-Jan-2005) - More tobacco news
(1-Feb-2005) - Greek travel retailer Hellenic Duty Free Shops has confirmed that it is in talks with Philip Morris, the world's biggest non-Chinese tobacco supplier, with a view to acquiring the Marlboro brand owner's Greek ship supplies unit Ioniki
(2-Aug-2003) - Philip Morris? Italian distribution agreement may be in jeopardy following rival British American Tobacco?s purchase of state-owned tobacco supplier Ente Tabacchi Italiani last month.