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Philip Morris becomes more MexicanAltria Group, Inc., previously named Philip Morris Companies Inc., is the world's largest commercial tobacco company by sales and is based in New York City. Altria Group, Inc. is total proprietor of Philip Morris USA, Philip Morris International, and Philip Morris Capital Corporation. It also owns 28.7% of SABMiller plc, the tobacco subsidiary of Altria. The legendary Marlboro, the most popular tobacco brand in the world is the gold star of the cigarette tobacco produced by this company. Other popular tobacco brands owned by Philip Morris are Parliament, Virginia Slims, and Benson & Hedges. Also, Altria produces such brands as Alpine, Basic, Best, Bristol, Bond Street, Bucks, Cambridge, Chesterfield, Classic, Collector's Choice, Commander, Drina, English Ovals, F6, Lark, L&M, Merit, Morava, Multifilter, Next, Players, Red & White, Saratoga and Sampoerna. This tobacco company has many properties in different states, including Mexico. As it was reported by an Altria’s representative, Philip Morris International (PHI) becomes a proprietor of additional 30% share in its Mexican tobacco business branch from Grupo Carso SAB de CV. This acquisition costs approximately 1.1 billion dollars to the tobacco company. The deal was concluded on July 18, 2007. Philip Morris holds already a big part of the shares of Grupo Carso, which constitute 50%. Summing up, PMI controls 80% of stocks of Mexican business and Grupo Carso 20%. Take-over is a part of the plan that the biggest tobacco company initiated for extending its sales market. Final aspect of this deal is planned to be carried out till the end of this year, after all regulatory and agreements between companies are stabilized. |