AB InBev Shares Suspended Following Altria's Decision to Sell Stake
Thursday, 14 March 2024, 10:08
AB InBev Shares Suspension
Anheuser-Busch InBev's shares were suspended from trading at the request of Belgium's Financial Services and Markets Authority (FSMA) after news of Altria's stake sale.
Altria's Stake Sell-off
- Altria, the U.S. cigarette maker, announced its plan to cut its 10% stake in AB InBev by selling approximately 35 million shares.
AB InBev plans to repurchase $200 million worth of shares amid the stake sale.
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