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Britvic Carlsberg deal being looked at by UK competition watchdog

Published 10/09/2024, 11:36
Updated 10/09/2024, 12:10
© Reuters.  Britvic Carlsberg deal being looked at by UK competition watchdog
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Proactive Investors - Robinsons squash maker Britvic PLC's (LON:BVIC) takeover by Danish brewing giant Carlsberg (CSE:CARLa) is to be scrutinised by the UK competition watchdog.

The Competition and Markets Authority (CMA) is asking for comments from interested parties about whether the deal might affect competition in the soft drinks and beer markets and harm consumers.

Britvic agreed to the £3.3 billion deal in July having rejected an initial offer of £3.1 billion.

Britvic owns J2O and Tango as well as Robinsons and holds an exclusive licence with PepsiCo (NASDAQ:PEP) to bottle and distribute Pepsi, 7up and others of its brands in the UK.

At the time of its offer, Carlsberg said it could save £100 million a year by integrating the two businesses.

Britvic shareholders have approved with the firms expecting to complete the deal in the early part of 2025.

Read more on Proactive Investors UK

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