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Benzinga
Benzinga
Business
Shivani Kumaresan

Budweiser Parent Mulls Brewing Pause In Russia

Russia BUD (Organization) AB InBev NYSE Ukraine Wall Street Journal
  • Anheuser-Busch InBev (NYSE: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.
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