Brown sold 73.5 million AB shares of AB at P4 per share on April 14. AB shares closed at P10.50 on that day.
Brown’s stake in AB, most of which are held through North Kitangland Agricultural Co. Inc., dropped from 15.84 percent to 12.95 percent.
Brown sold P29 million worth of AB shares the previous month.
Brown is still AB’s second biggest shareholder after bilyonaryo Bobby Ongpin (58.38 percent) and ahead of Eric Recto (11.38 percent) and Dennis Uy (four percent).