PM · News · 20260906N

Acquisition / Partnership / Divestiture

Philip Morris International Inc. · 2026-09-06 · 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

• TD Waterhouse Canada Inc. increased its stake in Philip Morris International Inc. by 72.2% in the second quarter, now holding 63,181 shares valued at $11.23 million. source