Colombia’s iconic Pielroja cigarette will be taken off the market after multinational Philip Morris announced it would close its factories in Colombia. The announcement has been a disaster for at…
Philip Morris International Inc. (PM) has officially ended its $452 million bid to acquire privately-owned cigarette maker Productora Tabacalera de Colombia, or Protabaco, after a filing deadline with regulators in…
Philip Morris International Inc. said it may not proceed with its planned $452 million bid to acquire privately owned cigarette maker Productora Tabacalera de Colombia, or Protabaco, in the wake…
Colombia’s competition authority on Tuesday placed conditions on the proposed $452 million acquisition by Philip Morris International Inc of a Colombian cigarette manufacturer. The move opened the door for the…