philip morris

Philip Morris boosted by partial sale of Sampoerna

US tobacco maker Philip Morris sells 5.7% stake in the Indonesian company, raising $1.4 billion and equating to an annualized return of 37.3%.

October 01, 2015

Sampoerna launches rights issue to boost float

Philip Morris is obliged to offload part of its stake in its Indonesian unit before the nation's new free-float requirements come into effect in early 2016.

September 21, 2015

Philip Morris punts on Pakistan potential

The tobacco company commits up to $405 million to consolidate its position in Pakistan.

January 22, 2007

Philip Morris continues to invest in Sampoerna

Indonesia's Sampoerna plans to splurge Rp2.8 trillion to construct a new cigarette manufacturing facility in West Java.

July 27, 2006