Britvic agress £3.3bn takeover by Carlsberg

Carlsberg will acquire UK drink maker Britvic in a £3.3billion deal, it has been announced.

Britvic had previously rejected offers from the Danish brewery, stating that it undervalued the company. The final price agreed upon was £13.15 per share.

Their brands include the likes of J20, Robinsons, and R White’s Lemonade, and the deal would create a new enlarged group named Carlsberg Britvic.

Jacob Aarup-Andersen, the Carlsberg chief executive, said: “With this transaction, we are combining Britvic’s high-quality soft drinks portfolio with Carlsberg’s strong beer portfolio and route-to-market capabilities, creating an enhanced proposition across the UK and markets in western Europe.”

Ian Durant, the Britvic non-executive chair, said: “The proposed transaction creates an enlarged international group that is well-placed to capture the growth opportunities in multiple drinks sectors.

“Crucially, to remain competitive at a time when the market is being shaped by the trend of increasing consolidation among bottling partners, Carlsberg’s agreement with PepsiCo provides the combined group with a strong platform for continued success.”

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