Britain’s competition watchdog has cleared Carlsberg’s proposed £3.3bn acquisition of soft drinks maker Britvic.
The CMA announced in September it was to open an investigation into the merger, but has elected to forgo an in-depth probe.
The deal, which will see Britvic shareholders receive £13.15 for each share owned, is now expected to complete in January 2025.
“We’re delighted to have received all necessary regulatory clearances and, subject to the satisfaction of the court, we look forward to completing the transaction in January 2025,” a Carlsberg spokesperson said on Tuesday (17 December).
Read more: Why does Carlsberg want to buy Britvic?
“We believe the combination of Carlsberg and Britvic will create a highly attractive multi-beverage supplier in the UK, with an efficient supply chain and distribution network that provides our customers with a portfolio of market-leading brands and world-class service,” they added.
Carlsberg’s offer was approved by the Britvic board in July, after the Danish brewer increased its offer having had two earlier bids rejected.
Britvic shareholders gave the deal the green light in August, voting overwhelmingly in favour of the deal at a general meeting.
Carlsberg plans to roll its UK Carlsberg Marston’s business up with Britvic to create a drinks powerhouse to be known as Carlsberg Britvic.
The takeover is part of the brewer’s ‘Beyond Beer’ strategy to diversify its offering.
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