Philip Morris International on Monday announced a $5.2bn cash offer for HM Sampoerna, Indonesia?s third largest cigarette maker, in a deal that would give the US tobacco group a strong foothold in ...

JAKARTA -- Philip Morris International Inc. said it will spend as much as $5.2 billion to take over Indonesia's third-largest cigarette maker by sales, PT Hanjaya Mandala Sampoerna, in a deal ...

Per media reports, Philip Morris International Inc.PM is selling part of its stake in its Indonesian unit - PT HM Sampoerna Tbk ("Sampoerna"). The tobacco maker currently holds a 98.18% stake in ...

Sampoerna, estimated to account for a third of overall cigarette sales in Indonesia, is a major source of revenue for its controlling shareholder, U.S. tobacco giant Philip Morris International ...

Philip Morris International, the world's largest tobacco maker, has seen the value of its investment in Indonesian cigarette maker PT Hanjaya Mandala Sampoerna rise more than three-fold in 10 years ...

TOKYO (MarketWatch) -- Philip Morris International is offering to buy Indonesian tobacco company PT HM Sampoerna for about 48 trillion rupiah ($5.2 billion). The unit of Altria Group MO agreed to ...

A direct follow-up to the previous model, it was developed by Sampoerna’s parent company, Philip Morris International (PMI), and was announced during the company’s public expose in Jakarta on ...

SINGAPORE -- The head of the Sampoerna family, which has just sold control of its big Indonesian cigarette business to Philip Morris International Inc. for $2 billion, says the sale opens the way ...

Needham initiated coverage of Philip Morris International (NYSE:PM) on Thursday with a Buy rating. Analyst Gerald Pascarelli ...

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