Philip Morris International Inc. (PMI) Evaluates Decision on Colombian Acquisition

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Philip Morris International Inc. (PMI) Evaluates Decision on Colombian Acquisition Powered By Docstoc
					Philip Morris International Inc. (PMI) Evaluates
Decision on Colombian Acquisition
October 06, 2010 07:40 AM Eastern Daylight Time  

NEW YORK--(EON: Enhanced Online News)--Philip Morris International Inc. (NYSE:PM)(Paris:PM) today
announced that the Superintendent of Industry and Trade of Colombia has issued its final decision pertaining to
PMI’s previously announced intention to acquire Productora Tabacalera de Colombia, Protabaco Ltda. in July of
2009. Approval to proceed with the acquisition has been granted subject to several significant conditions and
constraints.

PMI will now thoroughly review those conditions and determine whether or not the strategic rationale and financial
attractiveness of the originally envisaged transaction can still be safeguarded in the best interest of its shareholders.

PMI anticipates that it will be in a position to make a final determination on whether or not to proceed within the next
three months.

Philip Morris International Inc.

Philip Morris International Inc. (PMI) is the leading international tobacco company, with seven of the world's top 15
brands, including Marlboro, the number one cigarette brand worldwide. PMI's products are sold in approximately
160 countries. In 2009, the company held an estimated 15.4% share of the total international cigarette market
outside of the U.S., or 26.0% excluding the People's Republic of China and the U.S. For more information, see
www.pmi.com.

Contacts
Media:
Monica Montero
Lausanne: +41 (0)58 242 4500
Email: media@pmi.com
Investor Relations:
Alex Williams
New York: + 1 (917) 663 2233
Lausanne: + 41 (0)58 242 4666

Permalink: http://eon.businesswire.com/news/eon/20101006005902/en/Protabaco/Colombia

				
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Description: NEW YORK--(EON: Enhanced Online News)--Philip Morris International Inc. (NYSE:PM)(Paris:PM) today announced that the Superintendent of Industry and Trade of Colombia has issued its final decision pertaining to PMI’s previously announced intention to acquire Productora Tabacalera de Colombia, Protabaco Ltda. in July of 2009. Approval to proceed with the acquisition has been granted subject to several significant conditions and constraints. PMI will now thoroughly review those conditions and deter a styl
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