Company Update (NYSE:PM): Philip Morris to cut stake in Indonesian unit, could raise over $1 billion

[Reuters] – JAKARTA/SINGAPORE (Reuters) – U.S. cigarette giant Philip Morris International Inc (PM.N) plans to sell a stake worth at least $1 billion in Indonesian unit PT HM Sampoerna Tbk (HMSP.JK) to comply . . . → Read More: Company Update (NYSE:PM): Philip Morris to cut stake in Indonesian unit, could raise over $1 billion Similar Articles: Company Update (NYSE:GM): UPDATE 3-Strong truck, SUV demand helped Ford, GM raise prices in June Market Update: BB&T Corporation (NYSE:BBT) – BB&T Insurance increases stake in leading managing general underwriter and divests insurance company Company Update: Philip Morris International Inc (NYSE:PM) – Philip Morris International Recognized as One of Europe’s Top Employers for Third Consecutive Year