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Altria reduces the value of Juul Stake by $ 4.5 billion



Altria Group Inc. recorded its investment in Juul Labs Inc. by more than a third, and now holds it at a price that estimates the e-cigarette maker at about $ 24 billion.

The Marlboro manufacturer cited unexpected market changes, including proposed US bans on electronic cigarette flavors and regulatory repression abroad, for its decision to reduce its investment by $ 4.5 billion.

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