Swedish Match and Philip Morris International to dissolve smokeless joint venture
Swedish Match and Philip Morris International (PMI) have mutually agreed to dissolve their joint venture agreement relating to the sale of smokeless tobacco products outside Scandinavia and the US. · Swedish Match to continue to sell General snus in Canada, Russia and Malaysia · Swedish Match sees good opportunities for its snus products internationally over the longer termThe joint venture SMPM International (owned on a 50/50 basis by Swedish Match and PMI) was established in 2009 with an aim to commercialize snus outside Scandinavia and the US. Within the scope of the joint