Cigarette maker Philip Morris said to be keen on nicotine gum firm Fertin
Philip Morris aims to generate more than half of its sales from smoke-free products in four years
17 June 2021 - 17:59
Fertin Pharma, a maker of nicotine chewing gum, is attracting takeover interest from suitors including cigarette giant Philip Morris International, people with knowledge of the matter said.
The Danish company’s private equity owner, EQT, has been working with an adviser to gauge interest in the business, according to the people, who asked not to be identified because the information is private. Fertin could be valued at about €600m including debt in a sale, the people said...
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