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UPDATE 1-Altria's $6 bln SAB stake sale seen likely 

(Adds details, analyst comments throughout, updates shares)
Jump to full article: Reuters, 2004-11-05
Author: 1108 GMT SAB shares were down 0.62 percent at 806 pence,

Intro:

U.S. tobacco-to-food giant Altria is more likely to sell its $6 billion stake in London-listed brewer SABMiller (SAB.L: Quote, Profile, Research) from next summer after the U.S. firm said it was mulling a break-up, dealers said on Friday.

SAB, the world's third biggest brewer, said on Friday it was unaware of any change to Altria's (MO.N: Quote, Profile, Research) plans for its 36 percent holding and it had not indicated what its long-term plans were. Altria was not immediately available to comment.

"It (the stake) has been seen as non-core and something they will dispose of, and if Altria is broken up it's hard to see any home for that stake within the new demerged organisation," one analyst said. "It might accelerate that process."

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