Bud Light Owner’s Trading Suspended After Stakeholder Announces Sale of 35 Million Shares

Published on March 14, 2024

Trading shares of Bud Light-owner Anheuser-Busch InBev’s (AB InBev) was suspended on Thursday amid Marlboro-maker Altria’s plans to sell millions of company shares. On Thursday, the Financial Services and Markets Authority (FSMA), Belgium’s financial regulator, suspended the trading of AB InBev’s shares on the Euronext Brussels stock exchange for a few hours from 9:00 a.m. CET to 14:00 CET. The suspension followed a decision by major shareholder Altria announcing on Wednesday that it would sell around 35 million shares it holds in AB InBev. AB InBev shares were trading at around €58.6 (approximately $64) at the time, making the 35 million shares roughly worth $2.24 billion....

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