PM · News · 20260905N

Acquisition / Partnership / Divestiture

Philip Morris International Inc. · 2026-09-05 · 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

• Van ECK Associates Corp reduced its stake in Philip Morris International Inc. by 99.6% in the second quarter and now holds 10,700 shares. source
• Institutional investors collectively own 78.63% of Philip Morris International's stock. source