Carlsberg's £3.3bn Acquisition of Britvic Approved

Carlsberg's £3.3 billion acquisition of Britvic has been approved by a High Court judge, allowing the Danish brewery to form an integrated drinks business named Carlsberg Britvic. The deal, which aims to expand into multiple drinks sectors, was sanctioned by Mr. Justice Hildyard, who noted it should proceed. Britvic, known for brands such as Robinsons and Tango, employs about 4,500 people and holds a significant market position in both still and carbonated soft drinks in Great Britain. The acquisition has received unanimous support from Britvic’s directors and was previously approved by shareholders and regulatory authorities. Carlsberg expects the merger to yield £100 million in annual cost efficiencies. The transition will also involve Britvic's shares being delisted from the London Stock Exchange by January 2025.