Imperial Brands to sell premium cigar business for 1.23 billion euros

Tobacco company Imperial Brands is selling its premium cigar business for EUR 1.23 billion to a group of private investors. The Winston and Gauloises Blondes cigarette maker told: the sale will take place in two stages, with Gemstone Investment Holding buying the USA unit for EUR 185 million, while Allied Cigar Corp will buy the rest for EUR 1.04 billion