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News analysis

PMI ready to take Swedish Match off the stock market after completing purchase

Written by || 30th November 2022 || News analysis | Major brands | GeographiesEurope North America Sweden United States

Philip Morris International (PMI) now owns 93.11% of shares in Swedish Match, meaning it can now begin the process of taking the company off the stock market and making it a wholly-owned PMI subsidiary – in line with predictions previously published by TobaccoIntelligence.

PMI had to reach a threshold of 90% share ownership in order to force compulsory purchase of the remaining shares under Swedish law.

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Antonia Di Lorenzo

Newsdesk editor/EU lead reporter
Antonia is a member of the editorial team and holds a masters degree in Law from the University of Naples Federico II, Italy. She moved in 2013 to London, where she completed a postgraduate course at the London School of Journalism. In the UK, she worked as a news reporter for a financial newswire and a magazine before moving to Barcelona in 2019.

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