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Wednesday, October 2, 2013

Philip Morris International to Buy 49% Interest in Arab Investors

Philip Morris International Inc. (PM) agreed to buy an interest of 49% in Arab Investors for $625 million. The acquisition will help the tobacco company to consolidate its presence on Algerian tobacco market. The famous manufacturer of Marlboro and L&M cigarettes has been looking the ways to increase its presence in emerging markets because these days cigarette sales volumes are … Continue reading

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