RICHMOND, Va.--(BUSINESS WIRE)--Oct. 21, 2016--
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 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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Source: Altria Group, Inc.
Altria Client Services