UK Competition Authority Approves Denmark Brewer Carlsberg Offer 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
18th December 2024 | Hong Kong
The UK Competition & Markets Authority has approved Denmark brewer Carlsberg offer 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. In 2024 July, Carlsberg 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.
“ UK Competition Authority Approves Denmark Brewer Carlsberg Offer 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 “
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 – 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.
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.
Sign Up / Register
Caproasia Users
- Manage $20 million to $3 billion of assets
- Invest $3 million to $300 million
- Advise institutions, billionaires, UHNWs & HNWs
Caproasia Platforms | 11,000 Investors & Advisors
- Caproasia.com
- Caproasia Access
- Caproasia Events
- The Financial Centre | Find Services
- Membership
- Family Office Circle
- Professional Investor Circle
- Investor Relations Network
Monthly Roundtable & Networking
Family Office Programs
The 2024 Investment Day
- March 2024 - Hong Kong
- March 2024 - Singapore
- July 2024 - Hong Kong
- July 2024 - Singapore
- Sept 2024 - Hong Kong
- Sept 2024 - Singapore
- Oct 2024 - Hong Kong
- Nov 2024 - Singapore
- Visit: The Investment Day | Register: Click here
Caproasia Summits
- The Institutional Investor Summit
- The Investment / Alternatives Summit
- The Private Wealth Summit
- The Family Office Summit
- The CEO & Entrepreneur Summit
- The Capital Markets Summit
- The ESG / Sustainable Investment Summit
