Philip Morris Holland (PMHH) Acquires Majority Stake in Swedish Match
November 10, 2022
Philip Morris Holland Holdings B.V. (an affiliate of Philip Morris International) declared its public offer for Swedish Match unconditional after receiving tenders representing ~82.6% of the share capital and subsequently purchased additional shares to reach ~85.9%. The offer priced shares at SEK 116 (reduced to SEK 115.07 for tenders in the extended period due to a dividend), with PMHH aiming to exceed 90% ownership to delist Swedish Match and integrate its oral nicotine portfolio with PMI’s IQOS business.
- Buyers
- Philip Morris Holland Holdings B.V. (PMHH), Philip Morris International (PMI)
- Targets
- Swedish Match AB
- Sellers
- Swedish Match shareholders
- Industry
- Consumer Products
- Location
- Sweden
- Transaction Type
- Buyout
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