Categories
· Business (Tobacco)
non-USA, by Country
· Netherlands
· Colombia
Organizations
· MO
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(Adds comments from Philip Morris' lawyer, details.)
Jump to full article: The Wall Street Journal Interactive Edition, 2006-05-11
Author: Inti Landauro, Dow Jones Newswires
Intro: Philip Morris International's Dutch unit, GWP CV, offered to pay 11.3 billion Colombian pesos ($4.8 million) to buy the remaining shares it doesn't already own in Colombia's largest tobacco firm, Compania de Tabaco SA (COLTABACO.BO), the stock regulator said Thursday in a filing.
Coltabaco will become fully owned by GWP CV upon completion of the planned purchase.
GWP CV seeks to purchase 1.604% of Coltabaco or 1,019,014 outstanding shares through a public tender offer, the company said Wednesday in a filing to the country's financial regulator.
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