Philip Morris mulling $1bn sale of cigar business - report
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Philip Morris International Inc is considering selling its US cigar business for $1 billion as part of a strategic shift towards smoke-free products. Advisers have been engaged to assess buyer interest.

March 03, 2025 | 12:00 pm
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Philip Morris International is exploring the sale of its US cigar business for $1 billion, indicating a strategic move towards smoke-free products. This could impact its revenue structure and market focus.
The potential sale of the cigar business aligns with Philip Morris's strategy to focus on smoke-free products, which could positively impact its stock by appealing to investors interested in sustainable and health-conscious business models. The $1 billion valuation suggests significant financial implications.
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