AB InBev's shares slip on stake sale by tobacco giant

The sale will see Altria's holding in the company reduced to about 8.1% or 7.8%

Analysts have for years speculated Altria might sell the stake in AB InBev, which dates back to when Anheuser-Busch acquired SABMiller in 2016.

Anheuser-Busch InBev's shares fell over 4% after a trading suspension was lifted on Thursday afternoon following more details on tobacco giant Altria's stake sale in the brewer.

US cigarette maker Altria said on Wednesday it would cut its about 10% stake in the world's top beer maker, selling about 35 million shares, or about a fifth of its total holding. AB InBev plans to buy back $200m (€183.5m) worth of shares.