Tobacco giant Philip Morris strikes €1.1bn deal for inhaler firm Vectura

The Marlboro owner is offering 150p per share for the London-listed target, the companies said on Friday
Tobacco giant Philip Morris strikes €1.1bn deal for inhaler firm Vectura
Marlboro owner PMI has agreed a deal to buy UK inhaler business Vectura for £1bn (Gareth Fuller/PA)
Fri, 09 Jul, 2021 - 11:40
Henry Saker-Clark, PA City Reporter

Tobacco giant Philip Morris International (PMI) has agreed to buy British inhaler maker Vectura for £1bn (€1.16bn), as it expands into healthcare which treats conditions its cigarettes can help cause.

The Marlboro owner is offering 150p per share for the London-listed target, the companies said on Friday.

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