Philip Morris sells its stake in Swedish Match do Brasil (updated)

Philip Morris International

19/03/2026 14:08

(Recasts with Philip Morris International statement, updates
slug)
       SAO PAULO, March 19 (Reuters) - An affiliate of Philip
Morris International  PM.N  has sold its stake in Swedish Match
do Brasil to Ignis FIP, the tobacco company said in a statement
on Thursday.
     Financial details of the deal, which also includes Swedish
Match da Amazonia, were not disclosed.
  
     
  
     CONTEXT
  
    *     Swedish Match do Brasil controls the Brazilian Fiat
Lux brand.       
    *     Ignis FIP is a Brazilian private investment vehicle
sponsored by Marcos Fernando Garms, who leads a group with
operations in the sugar and ethanol, agribusiness and automotive
distribution sectors, according to the statement.    
    *     Swedish Match do Brasil and Swedish Match da Amazonia
will remain part of Philip Morris and continue to operate
normally until the transaction is completed, it added.    
    *     Folha de S.Paulo reported the deal earlier in the day.
      

     

(Reporting by Isabel Teles; Editing by Mark Porter)
((mailto:Isabel.Teles@thomsonreuters.com;))