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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
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SCHEDULE 13G
INFORMATION STATEMENT PURSUANT TO RULES 13D-1 AND 13D-2
(AMENDMENT NO. 1)
CONSOLIDATED CIGAR HOLDINGS INC.
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(Name of Issuer)
Class A Common Stock, par value $0.01 per share
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(Title of Class of Securities)
20902E106
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(CUSIP Number)
(CONTINUED ON FOLLOWING PAGE(S))
Page 1 of 7
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CUSIP NO. 20902E106 Page 2 of 7
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MAFCO CONSOLIDATED GROUP INC.
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2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5. SOLE VOTING POWER
-0-
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6. SHARED VOTING POWER
NUMBER
OF SHARES 19,600,000 Shares of Class A Common
BENEFICIALLY Stock (represents 19,600,000 shares
OWNED BY of Class B Common Stock convertible
EACH at any time into an equal number of
REPORTING shares of Class A Common Stock)
PERSON WITH --------------------------------------------------------------
7. SOLE DISPOSITIVE POWER
-0-
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8. SHARED DISPOSITIVE POWER
19,600,000 Shares of Class A
Common Stock
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,600,000 Shares of Class A
Common Stock
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
63.9% of aggregate Class A Common Stock and Class B
Common Stock outstanding
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12. TYPE OF REPORTING PERSON
CO
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CUSIP NO. 20902E106 Page 3 of 7
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1. NAME OF REPORTING PERSONS
S.S. OR I.R.S. IDENTIFICATION NO. OF ABOVE PERSONS
MAFCO HOLDINGS INC.
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2. CHECK THE APPROPRIATE BOX IF MEMBER OF A GROUP (a) [ ]
(b) [ ]
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3. SEC USE ONLY
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4. CITIZENSHIP OR PLACE OF ORGANIZATION
DELAWARE
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5. SOLE VOTING POWER
-0-
--------------------------------------------------------------
6. SHARED VOTING POWER
NUMBER
OF SHARES 19,600,000 Shares of Class A Common
BENEFICIALLY Stock (represents 19,600,000 shares
OWNED BY of Class B Common Stock convertible
EACH at any time into an equal number of
REPORTING shares of Class A Common Stock)
PERSON WITH
--------------------------------------------------------------
7. SOLE DISPOSITIVE POWER
-0-
--------------------------------------------------------------
8. SHARED DISPOSITIVE POWER
19,600,000 Shares of Class A
Common Stock
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9. AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON
19,600,000 Shares of Class A
Common Stock
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10. CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES
[ ]
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11. PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9
63.9% of aggregate Class A Common Stock and Class B
Common Stock outstanding
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12. TYPE OF REPORTING PERSON
CO
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CUSIP NO. 20902E106 Page 4 of 7
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Item 1(a): Name of Issuer.
CONSOLIDATED CIGAR HOLDINGS INC. (the "Company")
Item 1(b): Address of Issuer's Principal Executive Offices.
5900 North Andrews Avenue
Fort Lauderdale, Florida 33309
Item 2(a): Name of Persons Filing.
Mafco Consolidated Group Inc. ("Mafco Consolidated") is a
wholly-owned indirect subsidiary of Mafco Holdings Inc.
("Mafco Holdings"). All of the capital stock of Mafco
Holdings is owned by Ronald O. Perelman.
Item 2(b): Address of Principal Business Office.
The principal business offices of Mafco Consolidated
and Mafco Holdings are located at 35 East 62nd
Street, New York, New York 10021.
Item 2(c): Citizenship.
Mafco Consolidated and Mafco Holdings each are Delaware
corporations.
Item 2(d): Title of Class of Securities.
Class A Common Stock, par value $.01 per share.
Item 2(e): CUSIP Number.
20902E106
Item 3: Not Applicable
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CUSIP NO. 20902E106 Page 5 of 7
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Item 4: Ownership.
Mafco Consolidated owns directly 19,600,000 shares of Class B
Common Stock, which represent 100% of the total number of
shares of Class B Common Stock outstanding on December 31,
1997. Shares of Class B Common Stock are convertible at any
time into an equal number of shares of Class A Common Stock.
Mafco Holdings owns 100% of the outstanding shares of common
stock of Mafco Consolidated and may be deemed to beneficially
own the shares owned by Mafco Consolidated. Ronald O.
Perelman owns all of the capital stock of Mafco Holdings.
(a) Amount Beneficially Owned:
19,600,000 Shares of Class A Common Stock, as
described above.
(b) Percent of Class:
Approximately 63.9% of Class A Common Stock based
upon an aggregate of 11,093,572 shares of Class A
Common Stock and 19,600,000 shares of Class B Common
Stock outstanding on December 31, 1997. Shares of
Class A Common Stock have one vote per share. Shares
of Class B Common Stock have ten votes per share.
Accordingly, ownership of such 19,600,000 shares of
Class B Common Stock possesses approximately 94.6%
of the common stock voting power.
(c) Number of shares as to which such person has:
(i) Sole power to vote or to
direct the vote................. -0-
(ii) Shared power to vote or
to direct the vote ............ 19,600,000
(iii) Sole power to dispose or to
direct the disposition of..... -0-
(iv) Shared power to dispose or
to direct the disposition of.. 19,600,000
Item 5: Owner of Five Percent or Less of a Class.
Not applicable
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CUSIP NO. 20902E106 Page 6 of 7
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Item 6: Ownership of More than Five Percent on Behalf of Another
Person.
All of the shares owned are pledged to secure obligations.
Item 7: Identification and Classification of the Subsidiary Which
Acquired the Security Being Reported on By the Parent Holding
Company.
Not Applicable
Item 8: Identification and Classification of Members of the Group.
Not Applicable
Item 9: Notice of Dissolution of Group.
Not Applicable
Item 10: Certification.
Not Applicable
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CUSIP NO. 20902E106 Page 7 of 7
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Signature
After reasonable inquiry and to the best of my knowledge and belief, I
certify that the information set forth in this statement is true, complete and
correct.
Dated: February 10, 1998
MAFCO CONSOLIDATED GROUP INC.
By: /s/ Glenn P. Dickes
-----------------------------------
Name: Glenn P. Dickes
Title: Vice President
MAFCO HOLDINGS INC.
By: /s/ Glenn P. Dickes
-----------------------------------
Name: Glenn P. Dickes
Title: Senior Vice President
