Swedish Match said on Thursday it had agreed to sell its South African operations to Philip Morris International $224.7 million.
And so the future superpower makes yet another quantum leap towards world domination.
It will be interesting to see how a company such as PMI adjusts itself to the up and coming challenges of our society. The oil crisis, water crisis, environmental crisis, fish crisis, etc, etc are - one would think - pin-drops in the ocean of the Altrius strategy whiteboard.
They have enough wealth already to buy tens of countries. This trend seems to be continuing.
The Swedish tobacco products maker said:
"This agreement with Philip Morris International is in line with Swedish Match's strategy to focus on smoke free tobacco, cigars and lights products," said Swedish Match Chief Executive Lars Dahlgren.
"PMI will benefit significantly from its deeply-entrenched and highly-recognized brands and its dedicated people."I'm sure they will.
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