Cigarette and tobacco product maker Altria Group has said it plans to sell 35 million shares of brewer Anheuser-Busch InBev.
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.
Altria owns a range of tobacco brands including Marlboro and vape company NJOY, while AB InBev owns alcohol brands like Budweiser, Corona and Stella Artois.
