By Kyle Morris

 

The European Commission said Tuesday that it has approved the proposed acquisition of Swedish Match by Philip Morris International.

The approval is conditional on full compliance with commitments offered by Philip Morris International, the EU said.

Philip Morris has offered to divest Swedish Match's logistics arm SMD Logistics.

 

Write to Kyle Morris at kyle.morris@dowjones.com

 

(END) Dow Jones Newswires

October 25, 2022 12:14 ET (16:14 GMT)

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