COPENHAGEN – Carlsberg (CSE:) A/S, through its subsidiary Carlsberg UK Holdings Limited, has received regulatory clearances from the European Commission and the UK’s Competition and Markets Authority (CMA) for its acquisition of Britvic (LON:) PLC. This development satisfies the regulatory conditions outlined for the proposed takeover.
The transaction, first announced on July 8, 2024, is intended to be completed via a court-sanctioned scheme of arrangement. Following the publication of the Scheme Document on July 22, 2024, Britvic shareholders approved the acquisition on August 27, 2024.
With regulatory hurdles now cleared, the acquisition awaits the final court sanction at a hearing scheduled for January 15, 2025. If the remaining conditions are met or waived, the effective date of the scheme is expected to be January 16, 2025.
The timetable for the acquisition’s next steps includes the suspension of Britvic shares by 7:30 a.m. on January 17, 2025, and the cancellation of their listing by 7:30 a.m. on January 20, 2025. Additionally, a special dividend will be paid to Britvic shareholders after January 16, 2025, and by January 30, 2025, with cash consideration under the scheme to be dispatched by the same date.
This acquisition is part of Carlsberg’s strategic expansion, with Britvic being a significant player in the soft drinks industry. The finalization of the deal is subject to the court’s approval and the satisfaction of other general conditions. The latest date by which the scheme may become effective is set for July 15, 2025, though this may be extended if necessary.
The information in this article is based on a press release statement.
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