Mergers & Acquisitions Mergers & Acquisitions

Philip Morris gets Brazilian nod to acquire Swedish Match

By Ana Paula Candil
  • 08 Jul 2022 14:03
  • 08 Jul 2022 15:19
US tobacco giant Philip Morris and rival Swedish Match have received Brazilian antitrust clearance, without conditions, for their deal.

Philip Morris is planning to acquire Swedish Match for $16 billion. The parties filed paperwork in Brazil with the Administrative Council for Economic Defense, or CADE, on June 10 through the fast-track procedure.

The agency’s

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