Marlboro maker Altria Group, Inc. (NYSE:MO) said on March 13, 2024 it plans to sell 35 million shares of brewer Anheuser-Busch InBev SA/NV (ENXTBR:ABI). Altria currently holds about 197 million shares of AB InBev, representing approximately 10% ownership. As of last close, the share sale is worth $2.26 billion, according to Reuters calculations.

Altria plans to sell some of AB InBev's American depositary shares in the United States, as well as a private placement for the brewer's ordinary shares in the European Economic Area and the United Kingdom, the tobacco giant said. AB InBev has agreed to repurchase $200 million of ordinary shares directly from Altria upon completion of the offering. AB InBev's U.S.-listed shares were down 3.6% at $63.26 in extended trading.