# Philip Morris offers EU concessions in $16 billion Swedish Match deal
Author:  Pal Sinha, Barnali 
Author URL: https://financedigest.com/author/pal-sinha-barnali
Published: 2022-10-06
Category: NEWS
Category URL: https://financedigest.com/category/news
Meta Title: Philip Morris Offers Concessions to EU over Swedish Match
Meta Description: Find out how Marlboro maker Philip Morris is addressing EU antitrust concerns over its bid for Swedish Match. Get the latest updates here.
URL: https://financedigest.com/philip-morris-offers-eu-concessions-in-16-billion-swedish-match-dealhtml

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BRUSSELS (Reuters) – Marlboro maker Philip Morris has offered concessions to address EU antitrust concerns over its $16 billion bid for tobacco and nicotine products maker Swedish Match, a European Commission filing showed on Wednesday.

The EU competition enforcer did not provide details of the concessions in line with its policy. It will seek feedback from rivals and customers before deciding whether to accept them or demand more.

The Commission extended its deadline for a decision to Oct. 25 from Oct. 11. [Companies typically offer](https://www.financedigest.com/navigating-a-buoyant-ma-market-does-the-deal-corridor-with-the-us-or-eu-offer-british-companies-the-better-scope-for-growth.html "Navigating a buoyant M&A market: Does the deal corridor with the US or EU offer British companies the better scope for growth?") remedies during the preliminary review if they are confident that the EU antitrust watchdog will accept them.

The Commission had been expected to clear the [deal unconditionally but no final decision had been made](https://www.financedigest.com/energy-efficiency-investments-made-easy-with-relaunch-of-the-green-deal.html "Energy efficiency investments made easy with relaunch of the Green Deal"), people close to the matter said on Tuesday.

The deal, which has been cleared in the United States and Brazil, is complex and EU regulators have to take into account the scope and characteristics of the [European market](https://www.financedigest.com/white-bullets-collaboration-with-polands-sygnal-association-makes-a-significant-dent-in-ad-funded-piracy-in-this-key-european-market.html "White Bullet’s collaboration with Poland’s Sygnał Association makes a significant dent in ad-funded piracy in this key European market"), another person said.

(Reporting by Foo Yun Chee, Editing by Louise Heavens)


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