Diamond Member Pelican Press 0 Posted January 15, 2025 Diamond Member Share Posted January 15, 2025 This is the hidden content, please Sign In or Sign Up High Court approves Carlsberg takeover of J20 maker Britvic Carlsberg’s £3.3bn deal to buy J2O maker Britvic has been approved by a High Court judge. The Danish brewery, which also owns brands including 1664 and Brooklyn, said it planned to create a single integrated drinks business called Carlsberg Britvic following the takeover. This is the hidden content, please Sign In or Sign Up , based in Hemel Hempstead, Hertfordshire, employs about 4,500 people and also produces Robinsons squash and Tango. Mr Justice Hildyard sanctioned the takeover at a short hearing on Wednesday, stating the scheme “could be and should be approved”. The companies This is the hidden content, please Sign In or Sign Up in July, saying it would create an “enlarged international group” that could expand into “multiple drinks sectors”. Andrew Thornton KC, for Britvic, said in written submissions that the company was “the largest supplier of branded still soft drinks and the number two supplier of carbonated soft drinks in Great Britain”. Britvic holds an exclusive licence with US partner PepsiCo to make and sell brands such as Pepsi, 7up and Lipton Ice Tea in the ***, which Mr Thornton told the court would continue following the takeover. The hearing in London was told that the deal will see Britvic taken over by Carlsberg *** 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 approved by Britvic’s shareholders last August, with the Competition and Markets Authority This is the hidden content, please Sign In or Sign Up . This is the hidden content, please Sign In or Sign Up #High #Court #approves #Carlsberg #takeover #J20 #maker #Britvic This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up For verified travel tips and real support, visit: https://hopzone.eu/ 0 Quote Link to comment https://hopzone.eu/forums/topic/192897-high-court-approves-carlsberg-takeover-of-j20-maker-britvic/ Share on other sites More sharing options...
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