Earlier quoted context omitted.
I'm looking at my English keyboard and it has Alt Gr...
Living in the US, I've never heard of an AltGr key until this discussion.
However, I discovered that Alt + Control = AltGr when I needed to use it at work[1], so it's simply a shortcut, I think.
[1]: We have (I recently switched to an UK keyboard, because it suits me better) keyboards at work, because the Croatian (all slavic languages, to be honest) is horrendously counterproductive for programming. Google the layout, and you'll realise why. An example: You need to press AltGr+B for `{` (if I remember correctly).