CC scoops $3bn Philip Morris acquisition

?Philip Morris has agreed to buy the remaining 60 per …


Clifford Chance has scooped an instruction to advise longstanding client Philip Morris International on its acquisition of a 60 per cent stake in the second largest cigarette company in Indonesia.

Philip Morris has agreed to buy the remaining 60 per cent majority stake in PT Hanjaya Mandala Sampoerna for approximately US$3bn.

Global head of corporate David Childs is leading the team advising Philip Morris, the subsidiary of US-listed Altria Group.