Carlsberg agrees £3.3bn takeover fee of Britvic

Danish company Carlsberg has agreed a £3.3bn deal to buy the UK business of Britvic as well as the remaining 40% share in its joint brewing venture with Marston’s.

Britvic produces a range of soft drinks including its namesake mixer and The London Essence Company and a statement from the company revealed plans to rebrand as Carlsberg Britvic in 2025.

The Marston’s buyout values at just over £200m and includes beer brands Pedigree, Hobgoblin and Shipyard.

Carlsberg Group CEO Jacob Aarup-Andersen said: “We are committed to accelerating commercial and supply chain investments in Britvic, and we are confident that Carlsberg Britvic will become the preferred multi- beverage supplier to customers in the UK with a comprehensive portfolio of market-leading brands.”