Wednesday, October 16, 2019

Altria’s chance of writing down its Juul investment has ‘increased materially,’ Fitch says – CNBC

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The chance that Altria writes down the value of its $12.8 billion investment in Juul has “increased materially” amid uncertainty around the e-cigarette industry, Fitch credit analysts say.
Altria took a 35% stake in e-cigarette market leader Juul late last y…
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