InBev

Bud Light Backlash: Altria Group to Sell $2.2bn in AB InBev Shares Amid Controversy

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Richmond, Virginia: Altria Group, the maker of Marlboro cigarettes, has announced plans to sell over $2.2 billion worth of shares in AB InBev, the owner of popular beer brands like Bud Light and Stella Artois. This decision will involve offloading 35 million AB InBev shares, reducing Altria’s current 10% stake in the global brewer worth around $12.7 billion. Altria’s Chief Executive, Billy Gifford, described the sale as “an opportunistic transaction that realizes a portion of …

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Bud Light Parent AB InBev Strikes Profitable Deal Amid Union Negotiations – What Happens Next Will Shock You!

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Orlando, Florida – Anheuser-Busch InBev, the parent company of Bud Light, recently announced a turnaround in its financial performance. Despite facing challenges such as a boycott that impacted sales, the company managed to reach a tentative agreement with a union, marking a significant step towards resolving disputes and improving relations. The boycott of Bud Light, which was estimated to have cost the company over $1 billion in lost sales, was a major factor in the …

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