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 ...

Profiting from SampoernaPhilip Morris International works in the lucrative Indonesian market through its subsidiary, Sampoerna. In a somewhat unusual move, Philip Morris allowed Sampoerna to ...

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% ...

Philip Morris International Inc.’s PM shares gained 0.2% on Oct 1 after its Indonesian unit — PT HM Sampoerna Tbk (“Sampoerna”) — set the price of its rights offering at Rp. 77,000 for ...

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 ...

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

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 ...

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Let's take a closer look at what Philip Morris International is doing in Indonesia and why U.S. investors should pay attention. Profiting from Sampoerna Philip Morris International works in the ...