Imperial Brands to sell premium cigar business in $1.33 billion deal

(Reuters) - Tobacco company Imperial Brands is selling its premium cigar business for 1.23 billion euros (1.07 billion pounds) to a group of private investors as it looks to cut debt, the company said on Monday.The Winston and Gauloises Blondes cigarette maker said the sale will take place in two parts, with Gemstone Investment Holding buying the USA unit for 185 million euros, while Allied Cigar Corp will buy the rest for 1.04 billion euros."This disposal reinforces our strategic ambition of..