The High Court has issued a court order approving the £3.3 billion acquisition of the UK-based soft drinks company Britvic by the Carlsberg Group, founded in Denmark.
This significant deal, which was agreed upon in July 2024, received a green light from the Competition and Markets Authority (CMA) on 17 December, confirming that it meets all relevant regulatory conditions.
With production facilities located in Rugby, London, and Leeds, Britvic is renowned for its popular soft drink brands, including Tango, J20, and Robinsons. Furthermore, the company is a crucial partner for PepsiCo in the UK and Ireland, holding exclusive rights to manufacture, bottle, and distribute well-loved brands such as Pepsi, 7UP, and Lipton Ice Tea.
In addition to its UK and Ireland operations, Britvic also maintains production sites in France and Brazil, enhancing its international presence.
In contrast, the Carlsberg Group is primarily associated with the alcoholic beverage sector, boasting a portfolio of well-known beer brands, including Carlsberg, Hobgoblin, and Kronenbourg.
This acquisition will take effect once the court order is delivered to the Registrar of Companies, which is anticipated to occur on 16 January 2025.