Philip Morris International (PMI) will submit a proposal to the Greek government for the purchase of half of the Greek tobacco output through 2015, the ekathimerini.com website reported.

The pact may be worth as much as EUR 150 million over three years, kathimerini.com said, citing an unnamed source. Nikitas Theofilopoulos, chief executive officer of the PMI subsidiary Papastratos, outlined the proposal last week in a meeting with Prime Minister Antonis Samaras, ekathimerini.com reported. (pi)