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H M Sampoerna Company

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May 19, 2005 | From Bloomberg News
Altria Group Inc. will pay about $4.9 billion to take control of Indonesia's third-largest cigarette maker, expanding in a market of 141 million smokers. Philip Morris International, a unit of New York-based Altria, in March paid 18.6 trillion rupiah ($2 billion) for 40% of H.M. Sampoerna, and raised its stake to about 98% through a tender that ended Wednesday, said Andi Sidharta, an investment banker at Jakarta-based Bahana Securities, which arranged the offer.
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BUSINESS
May 19, 2005 | From Bloomberg News
Altria Group Inc. will pay about $4.9 billion to take control of Indonesia's third-largest cigarette maker, expanding in a market of 141 million smokers. Philip Morris International, a unit of New York-based Altria, in March paid 18.6 trillion rupiah ($2 billion) for 40% of H.M. Sampoerna, and raised its stake to about 98% through a tender that ended Wednesday, said Andi Sidharta, an investment banker at Jakarta-based Bahana Securities, which arranged the offer.
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BUSINESS
December 8, 1994 | From Washington Post
Tropical dampness hangs heavily in the morning air. The spicy-sweet aroma of clove permeates the factory floor. Fingers fly in a blur as women--women are preferred throughout Asia for factory work involving fine motor skills--produce 300 to 400 cigarettes filled with cloves and strong tobacco an hour. Even in Asia, few companies are at once as exotic and as dynamic as H.M. Sampoerna, the most profitable maker of kretek , Indonesia's unique cigarettes.
BUSINESS
December 8, 1994 | From Washington Post
Tropical dampness hangs heavily in the morning air. The spicy-sweet aroma of clove permeates the factory floor. Fingers fly in a blur as women--women are preferred throughout Asia for factory work involving fine motor skills--produce 300 to 400 cigarettes filled with cloves and strong tobacco an hour. Even in Asia, few companies are at once as exotic and as dynamic as H.M. Sampoerna, the most profitable maker of kretek , Indonesia's unique cigarettes.
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