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ALTRIA GROUP, INC.

(MO)
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ALTRIA GROUP, INC. : Other Events (form 8-K)

10/01/2021 | 04:17pm EST

Item 8.01. Other Events.

On October 1, 2021, UST LLC, a subsidiary of Altria Group, Inc., completed the previously announced sale of its subsidiary, International Wine & Spirits Ltd., which includes its Ste. Michelle Wine Estates business, to an entity controlled by investment funds managed by Sycamore Partners Management, L.P. in exchange for net cash proceeds of approximately $1.2 billion and the assumption of certain liabilities of International Wine & Spirits Ltd. and its subsidiaries.

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