March 13 (Reuters) - Marlboro maker Altria (MO.N) , opens new tab said on Wednesday it plans to sell 35 million shares of brewer Anheuser-Busch InBev (ABI.BR) , opens new tab.

Altria currently holds about 197 million shares of AB InBev, representing approximately 10% ownership.

As of last close, the share sale is worth $2.26 billion, according to Reuters calculations.

Altria plans to sell some of AB InBev's American depositary shares in the United States, as well as a private placement for the brewer's ordinary shares in the European Economic Area and the United Kingdom, the tobacco giant said.

AB InBev has agreed to repurchase $200 million of ordinary shares directly from Altria upon completion of the offering.

AB InBev's U.S.-listed shares were down 3.6% at $63.26 in extended trading.

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https://www.reuters.com/markets/deals/altria-plans-sell-35-million-ab-inbev-shares-2024-03-13/