UK's Competition and Markets Authority greenlights Carlsberg-Britvic merger

Carlsberg's £3.3 billion acquisition of Britvic, a leading soft drinks manufacturer, has received approval from the UK's competition regulator, marking one of the year's most significant takeovers. Announced in July, the deal aims to merge Carlsberg's extensive beer portfolio with Britvic's soft drinks range.

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The Competition and Markets Authority (CMA) launched an initial review of the merger in September and, on Tuesday, December 24, confirmed it would not proceed to a more in-depth investigation.

Established in 1847 by brewer J.C. Jacobsen, the Carlsberg Group has become a leading global brewing conglomerate. The company has cemented its reputation as an industry trailblazer with a diverse beverage portfolio and a strong commitment to achieving a zero-carbon footprint.

The transaction is now expected to close on January 16. Once finalised, Carlsberg intends to create a unified entity named Carlsberg Britvic. The deal, supported by Britvic in July, seeks to establish a unified beverage company in the UK, named Carlsberg Britvic.

Finalisation of the acquisition awaits the court's approval during the Sanction Court Hearing on January 15, 2025, along with the submission of the Court Order to the Registrar of Companies and the completion of outstanding conditions.

A Carlsberg spokesman said, "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. 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."