Pub chain Greene King has agreed to sell its Old Speckled Hen ale brands to the Spanish owner of Estrella lager, making it the latest in a series of British beers to be snapped up by overseas buyers.

Barcelona-based brewer Damm has agreed to buy Old Speckled Hen brands, including its non-alcoholic and golden ale versions.

Greene King said it would continue to brew the ale at its Westgate site in Bury St Edmunds during the sale “handover period”, but that the process will later move to Damm’s brewery in Bedford, which it opened last year.