- Philip Morris International Inc. (NYSE: PM) announced today that it has entered into an agreement to purchase 100% of the shares of privately owned Colombian cigarette manufacturer, Productora Tabacalera de Colombia, Protabaco Ltda.
(Protabaco), for $452 million. Protabaco is the second largest tobacco company in Colombia, with an estimated 2008 volume of 6.1 billion cigarettes and an approximate market share of 31.8%.
The Company reported net revenues of approximately $107.6 million in 2008. Its leading brands include Mustang, Premier and President.
entuNotable Mergers and Acquisitions of the Day 7/10: PM, ENTUStreetInsider.com News Articles Fri, 07/10/2009 - 07:43
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