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Article: Philip Morris International Announces Reorganization of Its Business in the Dominican Republic.
- Article from:
- Business Wire
- Article date:
- November 16, 2006
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Altria Raises 2006 Full-Year Guidance to a Range of $5.63 to $5.68, Versus Previously Disclosed Range of $5.48 to $5.53
NEW YORK -- Philip Morris International Inc. (PMI), the international tobacco business of Altria Group, Inc. (NYSE: MO), today announced that it is reorganizing its tobacco and beer equity holdings in the Dominican Republic.
Currently, a subsidiary of PMI holds a 47.5% interest in E. LeE[thorn]n Jimenes, C. por. A. (ELJ), which has equity holdings in tobacco and beer operations in the Dominican Republic. PMI said its subsidiary will exchange its 47.5% interest in ELJ, which represents a 40% indirect interest in ELJ's beer subsidiary, ...