Philip Morris and Altria in merger negotiations
Marlboro maker Philip Morris International Inc. is in talks to reunite in a merger with Altria Group Inc., as the tobacco giants seek to pool resources in the fast growing e-cigarette market. The merger of the two companies would be the biggest ever in the consumer sector and the fourth-largest deal of all time; it would also create a tobacco giant with a market capitalisation of about USD 200 billion.
Related news
Philip Morris to build nicotine pouch production facility in Aurora
Philip Morris International announced plans last week to invest $600…
Read more >The GVH cracked down on illegal e-cigarettes
The Economic Competition Office (GVH) imposed a HUF 189 million…
Read more >Weird rules now apply to e-cigarettes
As of July 1st, new legislation came into effect in…
Read more >Related news
László Flórián will manage Praktiker from April
A new CEO will manage the Hungarian-owned, nationwide DIY chain…
Read more >Not an April Fool’s joke: You can try this special treat at McDonald’s in Hungary
New food trends appear almost daily in the world of…
Read more >This year’s Easter could be a really strong one with Univer’s new product
Univer is catering to bold gourmets with its latest limited…
Read more >