Inbev Shareholders Reported in Selldown

A group of Brazilian executives holding shares in Anheuser-Busch Inbev (AB Inbev) plan to sell some 11m shares to reduce their stake to 23.5%, according to news reports. A company spokeswoman confirms the trade, according to Bloomberg. The sale is estimated to be worth $370m, representing a relatively small portion of the company, whose market cap stood at EUR39bn Thursday. Credit Suisse is reported to be running the deal. Bankers there decline to comment. AB Inbev closes down 2.36% in European trade.