The UK Competition and Markets Authority (CMA) announced on Tuesday that it had approved Carlsberg's acquisition of Britvic, a British soft drinks manufacturer, in a deal valued at around 4.8 billion euros.
This approval comes after the British CMA decided last September to launch an investigation to assess the market consequences of the merger.
The transaction, announced in July, should enable the Danish brewer to sustain its growth, notably through the privileged links that the two groups have with the American PepsiCo in bottling.
The Copenhagen-based group plans to create a new unified entity in the UK, called 'Carlsberg Britvic', which will be able to offer a broader range of beers and soft drinks.
Britvic, which is listed on the FTSE 250 index of the London Stock Exchange, boasts a portfolio of 39 brands, including Teisseire and Pressade in France, which it markets in around 100 countries.
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Carlsberg A/S is one of the world's leading beer producers. Net sales break down by activity as follows:
- beer production and sales: 101.2 million hectoliters sold in 2024 primarily under the Carlsberg and Tuborg brands;
- production, bottling, and distribution of non-alcoholic beverages: carbonated beverages, energy drinks, and mineral waters (24.5 million hectoliters sold in 2024).
At the end of 2024, the group had 70 breweries located in Denmark, in the United Kingdom (3), in Poland (3), in Germany (3), in Western Europe (6), in China (27), in India (7), in Asia (4), and in Central/Eastern Europe (16).
Net sales are distributed geographically as follows: Western Europe (50.7%), Asia (27.3%), and Eastern Europe/Central Europe/India (22%).
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