05-14-2020, 09:45 AM
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#8
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Editor-in-Chief
Herf God
Join Date: Aug 1998
Location: Metairie, LA
Posts: 86,649
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Mystery Surrounds Imperial Brands Cigar Division Buyer Allied Cigar Corp
Quote:
Who are the buyers behind the $1.33 billion Imperial Brands cigar division buyout? That’s the question and subject of a recent article from Bloomberg that provided some new insights into Allied Cigar Corp., one of the buyers behind Imperial Brands’ cigar division.
On April 27 it was announced that Imperial Brands had sold its premium cigar business for $1.33 billion [read more here]. At the time it was revealed that Allied Cigar Corporation, S.L. had agreed to pay 1.04 billion euros for Imperial’s Premium Cigar RoW (Rest of World) assets. These assets included Imperial Brand’s 50 percent stake in Habanos S.A., and some of its non-Cuban premium cigar facilities including Flor de Copan.
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