Altria Announces Increased Ownership of Anheuser-Busch InBev
October 21 2016 - 4:55PM
Business Wire
Altria Group, Inc. (Altria) (NYSE:MO) today filed a Schedule 13D
with the U.S. Securities and Exchange Commission disclosing open
market purchases of Anheuser-Busch InBev SA/NV (AB InBev) ordinary
shares subsequent to the closing of the business combination with
SABMiller.
From October 11, 2016 through October 21, 2016, Altria purchased
approximately 12 million ordinary shares of AB InBev. Including
these shares, Altria now has approximately 10.2% ownership of AB
InBev.
Altria’s increased investment in AB InBev supports its strategy
of managing diverse income streams to deliver consistent financial
performance over time. In addition, for ownership levels at or
above 10%, Altria is entitled to foreign tax credits available in
connection with the dividends Altria receives from AB InBev, as it
was with its former SABMiller investment.
Altria’s Profile
Altria’s wholly-owned subsidiaries include Philip Morris USA
Inc., U.S. Smokeless Tobacco Company LLC, John Middleton Co., Nu
Mark LLC, Ste. Michelle Wine Estates Ltd. (Ste. Michelle) and
Philip Morris Capital Corporation. Altria holds an equity
investment in AB InBev.
The brand portfolios of Altria’s tobacco operating companies
include Marlboro®, Black & Mild®,
Copenhagen®, Skoal®, MarkTen® and Green
Smoke®. Ste. Michelle produces and markets premium wines
sold under various labels, including Chateau Ste. Michelle®,
Columbia Crest®, 14 Hands® and Stag’s Leap Wine
Cellars™, and it imports and markets Antinori®,
Champagne Nicolas Feuillatte™, Torres® and Villa
Maria Estate™ products in the United States. Trademarks and
service marks related to Altria referenced in this release are the
property of Altria or its subsidiaries or are used with permission.
More information about Altria is available at altria.com and on the
Altria Investor app.
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