Philip Morris Considers Selling US Cigar Business As It Pushes Towards Smoke-Free Products: Bloomberg

Marlboro cigarette maker Philip Morris International Inc. (NYSE:PM) is reportedly exploring a potential sale of its U.S. cigar business. The company added the U.S. cigar business via its massive $16 billion acquisition deal with Swedish Match AB.The move accelerates Philip Morris' transition toward smoke-free products. Benzinga has contacted Philip Morris for comment on the potential deal and will update when we receive a response.In July, Philip Morris announced a $600 million investment through one of its U.S. affiliates to establish a manufacturing facility in Aurora, Colorado.The new plant, expected to create 500 direct jobs and generate $550 million in annual economic impact, will also add 1,000 indirect ...Full story available on Benzinga.comWeiter zum vollständigen Artikel bei Benzinga Weiter zum vollständigen Artikel bei Benzinga