PM · News · 20260904N

Acquisition / Partnership / Divestiture

Philip Morris International Inc. · 2026-09-04 · Importance 37 · Surprise 42

Philip Morris USA entered a contract manufacturing arrangement with overseas affiliates of Philip Morris International. The arrangement is intended to improve Altria’s tobacco-business operating efficiency as cigarette volumes decline. Altria expects the efficiency benefits to support future investments while preserving profitability.

Key facts

• NEOS Investment Management LLC increased its stake in Philip Morris International by 11.3% in the second quarter, acquiring 25,828 additional shares and bringing its total holding to $46 million. source
• Nykredit A S purchased 121,802 shares of Philip Morris International Inc. valued at approximately $22 million during the second quarter. source