Philip Morris International - Middle East News 247
January 12, 2025
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Philip Morris International

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Philip Morris International Announces the Acquisition of a Minority Stake in Egypt-Based Eastern Company

Philip Morris International (PMI) today announces the acquisition of a minority indirect stake (14.7%) in Egypt-based Eastern Company (EAST.CA), Egypt’s largest cigarette manufacturer which also includes cigars and pipe tobacco, among others, in their portfolio. As part of this acquisition, PMI and Eastern seek to explore, on a non-exclusive basis, potential strategic
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Philip Morris International Received Fourth Consecutive CDP

For the fourth consecutive year, Philip Morris International Inc. (PMI) (NYSE: PM) has received a “triple-A” rating from CDP for its disclosures on climate change, forests, and water security—placing PMI among the world’s leading companies in environmental transparency and action. PMI has maintained a position on CDP’s Climate A List for the past 10