M&A: Philip Morris International Inc.

Form Type: 8-K

Filing Date: 2025-01-02

Corporate Action: Acquisition

Type: New

Accession Number: 000141332925000002

Comments: On December 31, 2024, Philip Morris International Inc. completed the sale of its subsidiary Vectura Group Ltd. to Molex Asia Holdings Ltd. This transaction aligns with the previously announced terms made on September 17, 2024, indicating a strategic focus on streamlining operations by divesting non-core subsidiaries.

Document Link: View Document

Additional details:

Date Of Report: 2024-12-31


Selling Company: Philip Morris International Inc.


Acquired Company: Vectura Group Ltd.


Acquirer: Molex Asia Holdings Ltd.


Transaction Type: sale