Philip Morris International Inc. (PMI) Evaluates Decision on
NEW YORK, Oct 06, 2010 (BUSINESS WIRE) --
Philip Morris International Inc. (NYSE:PM)(Paris:PM) today announced
that the Superintendent of Industry and Trade of Colombia has issued its
final decision pertaining to PMI's previously announced intention to
acquire Productora Tabacalera de Colombia, Protabaco Ltda. in July of
2009. Approval to proceed with the acquisition has been granted subject
to several significant conditions and constraints.
PMI will now thoroughly review those conditions and determine whether or
not the strategic rationale and financial attractiveness of the
originally envisaged transaction can still be safeguarded in the best
interest of its shareholders.
PMI anticipates that it will be in a position to make a final
determination on whether or not to proceed within the next three months.
Philip Morris International Inc.
Philip Morris International Inc. (PMI) is the leading international
tobacco company, with seven of the world's top 15 brands, including Marlboro,
the number one cigarette brand worldwide. PMI's products are sold in
approximately 160 countries. In 2009, the company held an estimated
15.4% share of the total international cigarette market outside of the
U.S., or 26.0% excluding the People's Republic of China and the U.S. For
more information, see www.pmi.com.
SOURCE: Philip Morris Internat
Media: Monica Montero Lausanne: +41 (0)58 242 4500 Email: email@example.com Investor Relations: Alex Williams New York: + 1 (917) 663 2233 Lausanne: + 41 (0)58 242 4666
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