Carlsberg: UK approves takeover of Britvic
(CercleFinance.com) - The UK Competition and Markets Authority (CMA) announced on Tuesday that it had approved Carlsberg's acquisition of Britvic, a British soft drinks manufacturer, in a deal worth around E4.
8bn.
This approval comes after the British CMA decided last September to launch an investigation to assess the market consequences of the merger.
The transaction, announced in July, should enable the Danish brewer to sustain its growth, notably through the privileged links that the two groups have with the American PepsiCo in bottling.
The Copenhagen-based group plans to create a new unified entity in the UK, called 'Carlsberg Britvic', which will be able to offer a broader range of beers and soft drinks.
Britvic, which is listed on the FTSE 250 index of the London Stock Exchange, boasts a portfolio of 39 brands, including Teisseire and Pressade in France, which it markets in around 100 countries.
Copyright (c) 2024 CercleFinance.com. All rights reserved.
8bn.
This approval comes after the British CMA decided last September to launch an investigation to assess the market consequences of the merger.
The transaction, announced in July, should enable the Danish brewer to sustain its growth, notably through the privileged links that the two groups have with the American PepsiCo in bottling.
The Copenhagen-based group plans to create a new unified entity in the UK, called 'Carlsberg Britvic', which will be able to offer a broader range of beers and soft drinks.
Britvic, which is listed on the FTSE 250 index of the London Stock Exchange, boasts a portfolio of 39 brands, including Teisseire and Pressade in France, which it markets in around 100 countries.
Copyright (c) 2024 CercleFinance.com. All rights reserved.