Philip Morris International takes control of Sampoerna

The international cigarette company has tabled a bid to buy Indonesian clove cigarette company Sampoerna in a deal that could be worth $5.2 billion.

Nick Lord

March 14, 2005

It was announced yesterday (March 14) that Philip Morris International (PMI) - maker of Marlboro and L&M cigarette brands - has made a bid to buy Indonesia's iconic Sampoerna clove cigarette company. PMI has agreed to pay the Sampoerna family Rp10,600 a share for its 40% stake and will now launch a public tender for the remaining 60% of the company listed on the stock market at the same price.

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