ALTADIS
March 1st, 2001
BY KEITH NUTHALL
PHILIP Morris and EU's Altadis, (formerly Spain's Tabacalera and France's Seita), have loosened a licensing agreement granting the European company the right to produce L&M and Marlboro cigarettes in Spain. Following pressure from the European Commission, Philip Morris will now have the right to manufacture the brands itself outside Spain and export them there.
PHILIP Morris and EU's Altadis, (formerly Spain's Tabacalera and France's Seita), have loosened a licensing agreement granting the European company the right to produce L&M and Marlboro cigarettes in Spain. Following pressure from the European Commission, Philip Morris will now have the right to manufacture the brands itself outside Spain and export them there.
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