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Indonesia: PMI to offload Sampoerna shares

Philip Morris International plans to sell over USD 1 billion (EUR 900 million) of shares in its PT HM Sampoerna Tbk unit to comply with a pending stock-exchange rule, the Wall Street Journal reported

Citing sources familiar with the situation, the newspaper reported that the US cigarette giant has approached investment banks Goldman Sachs, Credit Suisse, J.P. Morgan, and Indonesian firm Mandiri Sekuritas to facilitate the sale of shares before end of year. Indonesian-listed companies...

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