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.

The purchase price for the Damm share wasn't revealed, but the Spanish brewer has a 16.6% market share. It makes the brands Estrella Damm and Voll Damm and is the leader of the Catalonian market.

"We are pleased with our stake in this well performing Spanish brewer, which makes us one of their largest shareholders," said Powell. 
The purchase is in a long line of acquisitions for Interbrew in the last year, including Germany's Beck's and Diebels.

The company said the acquisition fitted with Interbrew's strategy of being present in major beer markets throughout the world. Spain is the third largest beer producing country in Europe after Germany and Britain.