Philip Morris offers EU concessions in $16 bln Swedish Match deal

philip morris offers eu concessions in 16 bln swedish match deal

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Marlboro maker Philip Morris has offered concessions to address EU antitrust concerns over its $16 billion bid for tobacco and nicotine products maker Swedish Match, a European Commission filing showed on Wednesday. The EU competition enforcer did not provide details of the concessions in line with its policy. It will seek feedback from rivals and customers before deciding whether to accept them or demand more.

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Philip Morris offers EU concessions in $16 bln Swedish Match deal

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Devdiscourse Philip Morris offers EU concessions in $16 bln Swedish Match deal Marlboro maker Philip Morris has offered concessions to address EU antitrust concerns over its $16 billion bid for tobacco and nicotine products maker Swedish Match, a European Commission filing showed on Wednesday. The EU competition enforcer did not provide details of the concessions in line with its policy. It will seek feedback from rivals and customers before deciding whether to accept them or demand more.

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