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Philip Morris Completes Vectura Group Sale to Molex Asia
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Philip Morris Completes Vectura Group Sale to Molex Asia
Jan 2, 2025 8:13 AM

10:58 AM EST, 01/02/2025 (MT Newswires) -- Philip Morris International ( PM ) said in a regulatory filing Thursday that the sale of its Vectura Group unit to Molex Asia closed Tuesday.

In September, Philip Morris ( PM ) affiliate Vectura Fertin Pharma announced the sale of Vectura Group to Molex Asia for an upfront cash payment of 150 million pounds ($185.7 million), with potential additional payments of up to 148 million pounds.

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