Denmark Brewer Carlsberg to Buy British Soft Drinks Group Britvic for $4.2 Billion with Offer Price Representing 36% Premium to Closing Price on 19th June 2024, Single Entity Carlsberg Britvic in UK to be Created after Acquisition
10th July 2024 | Hong Kong
Denmark brewer Carlsberg has announced to buy British soft drinks group Britvic for $4.2 billion (GBP 3.3 billion) with the offer price representing a 36% premium to closing price on 19th June 2024. A single entity Carlsberg Britvic in UK will be created after the acquisition. Announcement (8/7/24): “The boards of Carlsberg and Britvic are pleased to announce that they have reached agreement on the terms of a recommended cash offer to be made by Bidco to acquire the entire issued and to be issued ordinary share capital of Britvic (the “Acquisition”). It is intended that the Acquisition be effected by means of a scheme of arrangement under Part 26 of the Companies Act (the “Scheme” or “Scheme of Arrangement”). The Acquisition values the entire issued and to be issued ordinary share capital of Britvic at approximately £3.3 billion on a fully diluted basis and an implied enterprise value of approximately £4.1 billion … … Carlsberg intends to create a single integrated beverage company in the United Kingdom, to be named Carlsberg Britvic. Carlsberg intends that Carlsberg Britvic shall be led by a management team comprised of individuals from each of Carlsberg, CMBC and Britvic. The enlarged business will have a portfolio of leading brands across the beer and soft drinks categories. Carlsberg envisages that a phased integration will start as soon as practicable after completion of the Acquisition and in conjunction with the Post-Completion Review.” Britvic is a leading international soft drinks business. Britvic is the main partner for PepsiCo in the UK and Ireland with exclusive rights to manufacture, bottle, and sell brands including Pepsi, 7UP, and Lipton Ice Tea. Britvic also owns a number of brands including Robinsons, Tango, Fruit Shoot, J2O and Aqua Libra. Britvic is the largest supplier of branded still soft drinks and the number two supplier of branded carbonated soft drinks in Great Britain. Britvic is also an industry leader in Ireland with brands such as MiWadi and Ballygowan; in France with brands such as Teisseire, Pressade and Moulin de Valdonne; and in Brazil with brands such as Maguary, Bela Ischia, Extra Power and Dafruta.
“ Denmark Brewer Carlsberg to Buy British Soft Drinks Group Britvic for $4.2 Billion with Offer Price Representing 36% Premium to Closing Price on 19th June 2024, Single Entity Carlsberg Britvic in UK to be Created after Acquisition “
Britvic is a leading international soft drinks business. Britvic is the main partner for PepsiCo in the UK and Ireland with exclusive rights to manufacture, bottle, and sell brands including Pepsi, 7UP, and Lipton Ice Tea. Britvic also owns a number of brands including Robinsons, Tango, Fruit Shoot, J2O and Aqua Libra. Britvic is the largest supplier of branded still soft drinks and the number two supplier of branded carbonated soft drinks in Great Britain. Britvic is also an industry leader in Ireland with brands such as MiWadi and Ballygowan; in France with brands such as Teisseire, Pressade and Moulin de Valdonne; and in Brazil with brands such as Maguary, Bela Ischia, Extra Power and Dafruta.
Denmark Brewer Carlsberg to Buy British Soft Drinks Group Britvic for $4.2 Billion with Offer Price Representing 36% Premium to Closing Price on 19th June 2024, Single Entity Carlsberg Britvic in UK to be Created after Acquisition
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