AB INBEV : Mexico's Modelo says sale to AB InBev will not close in first quarter

MEXICO CITY (Reuters) - Mexican brewer Modelo said on Thursday that Anheuser-Busch Inbev informed the company it will fight the U.S. Justice Department's lawsuit seeking to stop the Belgian-based brewer (>> AB INBEV) from buying the half of Modelo that it does not already own.

MEXICO CITY (Reuters) - Mexican brewer Modelo said on Thursday that Anheuser-Busch Inbev informed the company it will fight the U.S. Justice Department's lawsuit seeking to stop the Belgian-based brewer (>> AB INBEV) from buying the half of Modelo that it does not already own.

Grupo Modelo (>> Grupo Modelo SAB de CV) no longer expects the deal to be completed in the first quarter, the company said in a statement to Mexico's stock exchange.

The Mexican brewer added that it has no further comment on the U.S. Justice Department's announcement.

(Reporting by Gabriel Stargardter)

Stocks treated in this article : AB INBEV, Grupo Modelo SAB de CV