Private equity could choke on Imperial cigar sale dasha_reuters KarenKKwok
Imperial Brands said on May 8 net revenue for the six months to March 31 rose 2.5 percent year-on-year at constant exchange rates to 3.7 billion pounds – in line with the company's supplied consensus.
The 22 billion pound tobacco major said on April 30 it would sell its global premium cigar business as part of plans to divest assets worth 2 billion pounds by May 2020. The British group wants to cut debt and invest in other growth areas, including vaping products.
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