Britain’s competition regulator has cleared Carlsberg’s deal with soft drink maker Britvic.
The watchdog announced the decision on Tuesday, saying it would not refer the £3.3 billion transaction for an in-depth probe.
Carlsberg struck a deal to acquire Britvic in July, aiming to establish a UK beverage “powerhouse” as the brewery sought to expand into alcohol-free offerings.
Founded in 1847, Carlsberg has a long history in Britain.
It first shipped beer to the UK in 1868 and started brewing in Northampton, England in 1973.
The deal, which is expected to close on 16 January, will see the Danish brewer take over Britvic’s bottling agreement with PepsiCo.
Carlsberg already bottles PepsiCo drinks in several markets and sees potential to expand into additional geographies in the future.
Carlsberg and Britvic said in a separate joint statement that all regulatory conditions have been satisfied, including clearances from the European commission and the UK’s Competition and Markets Authority.
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