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Cuban Cigar Maker Eyes 25-30 Pct of US Market if Embargo Lifted

Cuban cigar-maker Habanos S.A. expects to immediately gain 25 to 30 percent of the U.S. premium cigar market if the United States lifts its trade embargo and up to 70 percent of the market within a few years, the company said on Monday. Habanos S.A., a 50-50 joint venture between the Cuban state and Imperial Tobacco Group PLC, generated sales of $439 million in 2014 without direct access to the U.S. market. As the monopoly guarantor of Cuba's signature export, Habanos S.A. also...

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