Categories
· Business (Tobacco)
non-USA, by Country
· Dominican Republic
Organizations
· MO
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Jump to full article: The Wall Street Journal Interactive Edition, 2006-11-21
Intro: Industria de Tabaco Leon Jimenes S.A., the Dominican Republic's largest cigarette manufacturer, is now the sole property of Philip Morris International Inc., officials for both companies said Tuesday.
The announcement completes a reorganization plan in which Philip Morris' parent, New York-based Altria Group Inc. (MO), traded its interest in the Dominican national brewery for the cigarette business and $427 million in cash.
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