mandiri securities

Philip Morris boosted by partial sale of Sampoerna

US tobacco maker Philip Morris sells 5.7% stake in the Indonesian company, raising $1.4 billion and equating to an annualized return of 37.3%.

October 01, 2015

Sampoerna launches rights issue to boost float

Philip Morris is obliged to offload part of its stake in its Indonesian unit before the nation's new free-float requirements come into effect in early 2016.

September 21, 2015