Trademagazin > News and articles > Market News > Imperial Brands to sell premium cigar business for 1.23 billion euros
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
Related news
Emmi acquires majority stake in Brazilian dairy producer from Coca-Cola
Emmi Group’s Brazilian subsidiary, Laticínios Porto Alegre, will acquire a…
Read more >Spain’s Grupo Alimentario IAN buys local olives producer Interoliva
Spanish canned vegetables and ready meals maker Grupo Alimentario IAN…
Read more >Cheese maker St. Paul to snap up Dutch peer Koninklijke ERU
Last year, the two companies teamed up to buy cheese…
Read more >
More related news >
Related news
The latest issue of Trade magazin is out now!
The digital version is available with more content once again…
Read more >FAO: global food prices increased for the second month in April on a monthly basis
In April, global food prices rose for the second month…
Read more >Beauty care travels at breakneck speed
Beauty care is one of the fastest growing markets in…
Read more >