Mergers & Acquisitions Mergers & Acquisitions

Philip Morris seeks EU approval for Swedish Match takeover

By Andrew Boyce
  • 06 Sep 2022 15:44
  • 06 Sep 2022 15:44
US tobacco giant Philip Morris International has requested EU approval for its $16 billion plan to buy Swedish Match.
The European Commission has set an initial Oct. 11 deadline to decide on the deal.

Swedish Match specializes in cigarette alternatives such as snus and nicotine pouches. Philip Morris is acquiring

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Andrew Boyce


Andrew is a reporter covering merger reviews and competition policy for MLex in Brussels. He joined MLex in 2015 and holds a degree and a master’s degree in history from the University of Liverpool.

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