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Philip Morris expecting EU approval for Swedish Match deal in October

By Andrew Boyce ( August 10, 2022, 10:29 GMT | Insight) -- Philip Morris International says it expects EU approval for its $16 billion takeover of Swedish Match in October. The US tobacco giant said only European Commission clearance was now needed after antitrust officials in the US and Brazil cleared the deal. Philip Morris has yet to notify the deal for EU review, according to the commission’s register.Philip Morris International says it expects EU approval for its $16 billion takeover of Swedish Match in October....

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