SPAIN: Interbrew expansion moves into Spain
By Chris Brook-Carter | 28 February 2002
The giant Belgian brewer Interbrew announced today that it has taken a significant step into the Spanish beer market by acquiring a 12.6% percent stake in Spain's third largest brewer Damm. The move continues the company's recent policy of aggressive expansion and provides Interbrew with a "potential stepping stone for further involvement in the Spanish beer market," said Interbrew chief executive Hugo Powell in a statement.
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The giant Belgian brewer Interbrew announced today that it has taken a significant step into the Spanish beer market by acquiring a 12.6% percent stake in Spain's third largest brewer Damm. The move continues the company's recent policy of aggressive expansion and provides Interbrew with a "potential stepping stone for further involvement in the Spanish beer market," said Interbrew chief executive Hugo Powell in a statement.
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