Philip Morris may raise $1.4b from stake sale in Indonesia’s HM Sampoerna

Philip Morris may raise $1.4b from stake sale in Indonesia’s HM Sampoerna

Brand logo from PMI website

US based cigarette maker Philip Morris International Inc could raise up to Rp18.5 trillion ($1.4 billion) from share sale of 5.7 per cent  or equivalent 249.83 million shares of Indonesian unit PT HM Sampoerna Tbk (HMSP) based on Tuesday’s closing price at Rp73,875 per share.

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