Zhitong Financial APP learned that on Monday$Philip Morris International (PM.US)$Announced the completion of the acquisition of Swedish Match (SWMAY.US), a Swedish maker of smokeless tobacco products, which will be delisted. Philip Morris International Inc said the company had acquired a 93.11% stake in Swedish Match.

It is reported that Philip Morris International Inc raised his offer for Swedish Match at the end of October, while the company's initial offer in May was 161.2 billion Swedish kronor ($16 billion), a move that helped the company win the support of major Swedish Match shareholders such as Elliott, which in turn contributed to the smooth completion of the deal. "this deal marks an important milestone in accelerating our common goal of a smoke-free future," said Jacek Olczak, chief executive of Philip Morris International Inc.