Carlsberg’s £3.3bn takeover of Britvic given go ahead by competition watchdog
Share:
Carlsberg’s £3.3 billion deal to buy Robinsons squash maker Britvic has been given the green light by Britain’s competition watchdog, smoothing the way for one of the year’s biggest takeover deals. The Competition and Markets Authority (CMA) had said in September it would launch an initial probe, but confirmed on Tuesday it would be not be referring the tie-up for a full in-depth investigation.
The deal is now expected to complete on January 16, with the CMA clearance marking the final hurdle needed for it to go ahead, having already received investor approval and the go ahead from the European Commission. 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.”.
The two businesses announced the agreement in July to bring together Carlsberg’s array of beers with Britvic’s soft drinks portfolio. Carlsberg plans to create a single integrated drinks business called Carlsberg Britvic after completing the takeover.
