The EU Commission approves a major international tobacco and nicotine producer’s acquisition of a Swedish rival, subject to a divestment (Philip Morris / Swedish Match)

Mergers: Commission approves Philip Morris International's acquisition of Swedish Match, subject to conditions* The European Commission has approved, under the EU Merger Regulation, the proposed acquisition of Swedish Match by Philip Morris International. The approval is conditional on full compliance with commitments offered by Philip Morris International. Philip Morris International and Swedish Match are suppliers of tobacco and nicotine products. They compete, among others, in the manufacture and supply of oral tobacco and nicotine products, such as snus and nicotine pouches. Swedish Match holds a de facto monopoly