Pepsi waives contract clause to smooth the way for Carlsberg to takeover Britvic

Last week, Britvic rejected two takeover offers from Carlsberg. 

Danish drinks company Carlsberg has secured the agreement of PepsiCo for a potential £3.1bn (€3.65bn) takeover of the UK soft drinks manufacturer Britvic.

Britvic, which makes brands such as Ballygowan and MiWadi, is the UK bottler for PepsiCo. The US soft drinks company has waived a change-of-control clause it has in its contract with Britvic, potentially smoothing the way for a takeover.