The UK’s Competition and Markets Authority (CMA) and the European Commission have cleared Carlsberg’s acquisition of Robinsons maker Britvic.

Today (17 December), the competition watchdog said it would not refer the £3.3bn deal, which is expected to close on 16 January, for an in-depth probe.

The takeover deal will see the brewing giant paying 1.315p per share to Britvic investors and intends to create a single integrated beverage company in the UK, called Carlsberg Britvic.

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

Following the latest update from the CMA, a spokesperson for Carlsberg 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.”