Carlsberg’s £3.3bn deal to buy soft drinks company Britvic has been given the green light by the Competition and Markets Authority (CMA), granting one of the year’s biggest takeover deals the go ahead.

In September, the CMA announced it was investigating the deal with concerns it would have a monopoly on the UK drinks market.

However, the competition watchdog has now confirmed it would not be referring the tie-up for a full in-depth investigation. The deal is now expected to be completed on 16 January.

Britvic shareholders approve £3.3bn Carlsberg takeover

A Carlsberg spokesman said: “We’re delighted to have received all necessary regulatory clearances and, subject to the satisfaction of the court, we look forward to completing the transaction in January 2025.

“We believe the combination of Carlsberg and Britvic will create a highly attractive multi-beverage supplier in the UK, with an efficient supply chain and distribution network that provides our customers with a portfolio of market-leading brands and world-class service.”

The purchase will see the business operate under the name Carlsberg Britvic. The merged company is intended to expand into “multiple drinks sectors” and create an “enlarged international group”.

The soft drinks company, which employs around 4,500 staff and also makes J2O and Tango, had previously rejected a £3.1bn bid from the beer giant.

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