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Topic - Sampoerna

PT HM Sampoerna Tbk. is an Indonesian tobacco company. Sampoerna/Philip Morris International/KT&G Indonesia is the largest Indonesian tobacco company, ahead of Bentoel Group and Nojorono. In May, 2005, parent of Altria Group completed the acquisition of 97.95% of the company. A block of approximately 40% of the outstanding stock was sold by the controlling Sampoerna family, especially by Putera Sampoerna, and other insiders in a negotiated transaction and the remaining shares were purchased in a tender offer. The series of transactions valued the company at approximately $5.2 billion. The investment in Sampoerna represented a strategic move for Altria and KT&G of South Korea. Philip Morris International was spun off from Altria in 2008. Although Marlboro is the most popular Western-style (non kretek cigarette), most Indonesians still smoke kretek cigarettes. - Source: Wikipedia

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