Carlsberg takeover of J20 and Tango maker Britvic gets go ahead

Carlsberg's £3.3bn woody to bargain J2O shaper Britvic has been approved by a High Court judge.

The Danish brewery, which besides owns brands including 1664 and Brooklyn, said it planned to make a azygous integrated drinks concern called Carlsberg Britvic pursuing the takeover.

Britvic, based successful Hemel Hempstead, Hertfordshire, employs astir 4,500 radical and besides produces Robinsons squash and Tango.

Mr Justice Hildyard sanctioned the takeover astatine a abbreviated proceeding connected Wednesday, stating the strategy "could beryllium and should beryllium approved".

The companies announced the agreement successful July, saying it would make an "enlarged planetary group" that could grow into "multiple drinks sectors".

Andrew Thornton KC, for Britvic, said successful written submissions that the institution was "the largest supplier of branded inactive brushed drinks and the fig 2 supplier of carbonated brushed drinks successful Great Britain".

Britvic holds an exclusive licence with US spouse PepsiCo to marque and merchantability brands specified arsenic Pepsi, 7up and Lipton Ice Tea successful the UK, which Mr Thornton told the tribunal would proceed pursuing the takeover.

The proceeding successful London was told that the woody volition spot Britvic taken implicit by Carlsberg UK Holdings Limited, a wholly-owned subsidiary of Carlsberg A/S, which Mr Thornton described arsenic "one of the world's largest planetary brewing groups" with a marketplace capitalisation of 118bn Danish kroner (£13bn).

The acquisition was approved by Britvic's shareholders past August, with the Competition and Markets Authority giving its support successful December.