Danone has sold its 33.34% stake in Spanish brewery Mahou to the brewer’s majority family shareholders in a deal worth €600m.

Mahou brands include San Miguel, varieties of Mahou and Laiker.

The food group has been slowly turning its back on the brewing industry after it sold its 69% stake in San Miguel to Mahou and a 24% stake in Birra Peroni to the Peroni family at the beginning of the decade.