Mergers & Acquisitions Mergers & Acquisitions

Philip Morris not expecting divestitures in Sweden to get Swedish Match deal approved, CEO says

By Andrew Boyce
  • 11 May 2022 17:11
  • 11 May 2022 17:11
Tobacco giant Philip Morris International isn’t expecting the Swedish market to present any major challenges when it comes to seeking approval for its takeover of Swedish Match, according to its chief executive.

Today, Philip Morris said it had offered to pay $16 billion for Swedish Match, which specializes in cigarette alternatives

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