Grupo Modelo SAB de CV : Modelo shares surge on report of AB InBev purchase

MEXICO CITY (Reuters) - Shares of Mexican brewer Grupo Modelo surged more than 11 percent on Monday after reports that Anheuser-Busch InBev is nearing a deal to buy the 50 percent of the company it does not already own.

Trading of the stock was suspended on Mexico's IPC stock exchange in early dealings.

A deal between Modelo (>> Grupo Modelo SAB de CV), the maker of Corona beer, and the Belgian-based brewer Anheuser-Busch InBev (>> AB INBEV) could be clinched as early as this week, although the timing remains uncertain, The Wall Street Journal reported on Sunday.

Anheuser-Busch InBev owns a 50 percent non-controlling stake in Modelo, Mexico's largest brewer.

(Reporting by Rachel Uranga; editing by John Wallace)

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