sampoerna

     

Sampoerna (PT Hanjaya Manala Sampoerna Tbk) is an Indonesian tobacco company whose cigarette brands are smoked by millions of Indonesians. It is reportedly the largest Indonesian tobacco company, ahead of Gudang Garam and Djarum. In May, 2005, subsidiaries of Altria Group completed the acquisition of 97.95% of the company. A bloc of approximately 40% of the outstanding stock was sold by the controlling Sampoerna family, especially by Putra 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, as although Marlboro is by far the most popular Western-style (non kretek cigarette), most Indonesians still smoke kretek cigarettes.

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