(Reuters) -Altria Group Inc mentioned on Wednesday its unit has reached a $2.7 billion take care of Marlboro maker Philip Morris Worldwide Inc (NYSE:)’s unit to promote the U.S. commercialization rights for its IQOS heated tobacco merchandise.

Altria (NYSE:) has obtained a $1 billion cost from Philip Morris and can obtain an extra cost of $1.7 billion by July 2023 for a complete cost of about $2.7 billion pre-tax, in accordance with the assertion.

Individually, the Wall Avenue Journal reported on Wednesday that Philip Morris is planning to lift its provide for Swedish Match AB, citing folks aware of the matter.