Altria Group the maker of Marlboro will sell $2.2bn stake in Bud Light parent company AB InBev

[TheButcher]

Just thinking is this a result of the infamous transgender influencer Dylan Mulvaney's campaign that did not work out too well for Bub Light?



"The maker of Marlboro cigarettes, Altria Group, says it will sell more than $2.2bn (£1.7bn) of shares in AB InBev, the owner of the Bud Light and Stella Artois beer brands.

The move will see Altria offloading 35 million AB InBev shares.

The tobacco giant currently owns a stake of around 10% in the world's biggest brewer, worth about $12.7bn.

Bud Light sales have been hit after a US boycott over its work with transgender influencer Dylan Mulvaney.

The sale is "an opportunistic transaction that realises a portion of the substantial return on our long-term investment," Altria's chief executive, Billy Gifford, said in a statement.

"Our continued investment reflects ongoing confidence in ABI's long-term strategies, premium global brands and experienced management team," he added.

Belgium-based AB InBev also said in a filing with regulators that it had agreed to buy $200m of its shares from Altria."


https://www.bbc.com/news/business-68561614

[jasper]

Hire Dylan Mulvaney one more time to run a promotion roflmao

[PornPete]

In the past Marlboro ads had this

[pussyhunter]

Companies need to stick to simple names not use random letters to come up with a name

[bestfreeporn]

Just thinking is this a result of the infamous transgender influencer Dylan Mulvaney's campaign that did not work out too well for Bub Light?



"The maker of Marlboro cigarettes, Altria Group, says it will sell more than $2.2bn (£1.7bn) of shares in AB InBev, the owner of the Bud Light and Stella Artois beer brands.

The move will see Altria offloading 35 million AB InBev shares.

The tobacco giant currently owns a stake of around 10% in the world's biggest brewer, worth about $12.7bn.

Bud Light sales have been hit after a US boycott over its work with transgender influencer Dylan Mulvaney.

The sale is "an opportunistic transaction that realises a portion of the substantial return on our long-term investment," Altria's chief executive, Billy Gifford, said in a statement.

"Our continued investment reflects ongoing confidence in ABI's long-term strategies, premium global brands and experienced management team," he added.

Belgium-based AB InBev also said in a filing with regulators that it had agreed to buy $200m of its shares from Altria."


https://www.bbc.com/news/business-68561614

How much more stock does Altria have in the Marlboro company.

[badkitty]

It's business no one cares about anything but making money

[jag]

In the past Marlboro ads had this

Those were the days when I used to smoke and cigarette packages were interesting not like today.

[Emil]

In the past Marlboro ads had this

That photo will never do today it is not woke enough.

[ezdoesitz]

In the 1960's and 1970's everyone smoked even on tv and movies.

[TheButcher]

In the 1960's and 1970's everyone smoked even on tv and movies.

Yes sir and you could smoke in public places and on planes.

[pokerking]

Well done Bud Light.