Philip Morris International in Talks to Acquire European Smokeless-Tobacco Rival

Philip Morris International talking advanced to absorb The Battle of Sweden According to people familiar with the matter, in a deal that could be worth around $15 billion or more and boost the tobacco giant’s exposure to the rapidly growing market for smokeless brands. medicine.

Negotiations between US-based Philip Morris and Stockholm-based Match Sweden could reach an agreement as soon as this week, the people said, warning that talks could still fall off broken. The terms and potential contours of any deal cannot be learned.