- Anheuser-Busch InBev BUD has asked its partner in Russia, Anadolu Efes, to suspend its license to brew Budweiser in Russia, the Wall Street Journal reported.
- The company also plans to forfeit its profits from the joint venture in the wake of Russia’s invasion of Ukraine.
- The report cited a spokeswoman for AB InBev that the company hadn’t halted any of its operations in Russia but continues to monitor the situation.
- Price Action: BUD shares are trading higher by 0.96% at $56.57 on the last check Friday.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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