High Court approves Carlsberg takeover of J20 maker Britvic | EUROtoday

Carlsberg’s £3.3bn deal to purchase J2O maker Britvic has been authorised by a High Court decide.

The Danish brewery, which additionally owns manufacturers together with 1664 and Brooklyn, mentioned it deliberate to create a single built-in drinks enterprise known as Carlsberg Britvic following the takeover.

Britishbased mostly in Hemel Hempstead, Hertfordshire, employs about 4,500 folks and likewise produces Robinsons squash and Tango.

Mr Justice Hildyard sanctioned the takeover at a brief listening to on Wednesday, stating the scheme “could be and should be approved”.

The corporations introduced the settlement in July, saying it might create an “enlarged international group” that would increase into “multiple drinks sectors”.

Andrew Thornton KC, for Britvic, mentioned in written submissions that the corporate was “the largest supplier of branded still soft drinks and the number two supplier of carbonated soft drinks in Great Britain”.

Britvic holds an unique licence with US accomplice PepsiCo to make and promote manufacturers resembling Pepsi, 7up and Lipton Ice Tea within the UK, which Mr Thornton instructed the courtroom would proceed following the takeover.

The listening to in London was instructed that the deal will see Britvic taken over by Carlsberg UK Holdings Limited, a wholly-owned subsidiary of Carlsberg A/S, which Mr Thornton described as “one of the world’s largest international brewing groups” with a market capitalisation of 118bn Danish kroner (£13bn).

The acquisition was authorised by Britvic’s shareholders final August, with the Competition and Markets Authority giving its approval in December.