Carlsberg agrees to buy Britvic in £3.3bn takeover deal

Carlsberg has agreed to buy Robinsons maker Britvic in a deal worth £3.3bn, in a bid to support its growth ambitions.

Today (8 July), the soft drinks manufacturer told shareholders that it would recommend the latest offer from Carlsberg, having previously rejected a £3.1bn acquisition bid.

The deal, which will see the brewing giant paying 1,315p per share to Britvic investors, intends to create a single integrated beverage company in the UK, called Carlsberg Britvic.

The beer manufacturer described the acquisition as being “transformative” through creating “considerable” opportunity for the future development of both brands.


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Separately, Carlsberg has agreed to acquire its UK joint brewing venture with Marston’s in a deal that will see Marston’s receiving a sum of £206m for its 40% stake.

Speaking of the Britvic deal, Carlsberg group CEO Jacob Aarup-Andersen said: “The proposed transaction is attractive for shareholders of Carlsberg, supporting our growth ambitions, being immediately earnings accretive and value-accretive in year three. We are excited about expanding our global partnership with PepsiCo and believe that the longer-term opportunities will be very beneficial for both companies.

“We are committed to accelerating commercial and supply chain investments in Britvic, and we are confident that Carlsberg Britvic will become the preferred multi-beverage supplier to customers in the UK with a comprehensive portfolio of market-leading brands.”

PepsiCo Europe CEO Silviu Popovici added: “We are looking forward to building on our long-standing and successful partnerships with both Carlsberg and Britvic.

“We believe that the combination of Carlsberg and Britvic will create even stronger sales and distribution capabilities for our winning brands in important markets. We look forward to continuing to expand the partnership into further important markets in the future.”

FMCGNews

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