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

AB InBev’s shares have tumbled from around $127 to roughly $61 with further downward pressure expected.

Bud Light, made by Anheuser-Busch, sits on a store shelf in Miami, Fla., on July 27, 2023. Joe Raedle/Getty Images

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.