Headline
Philip Morris buys Colombian cigarette maker Protabaco
10 de julio de 2009
Encuentra aquí lo último en Semana
The American company has announced that it came to an agreement with Protabaco’s shareholders to buy its Colombian counterpart and second-largest cigarette maker in the country for 452 million dollars. With this move, Philip Morris becomes the most important producer of cigarettes in the country. Philip Morris had bought Coltabaco, a similar company, in 2005 for 314 million dollars.
Protabaco had a market share of 31,8 per cent in Colombia and sold an estimate of 6.1 billion cigarettes in 2008.