Deal Snapshot: Philip Morris to Buy Swedish Match's South African Arm for Usd225m

Summary


MANAVIGATOR-July 2, 2009-Deal snapshot: PHILIP MORRIS TO BUY SWEDISH MATCH'S SOUTH AFRICAN ARM FOR USD225M (C)2010 M2 COMMUNICATIONS http://www.m2.com

US tobacco giant Philip Morris Intl (NYSE:PM) said it has agreed to buy the South African unit of tobacco products maker Swedish Match (STO:SWMA) for ZAR1.75bn (USD225m/EUR159m).

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Deal Snapshot: Philip Morris to Buy Swedish Match's South African Arm for Usd225m

Country: South...

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