Carlsberg to buy Ballygowan-maker Britvic for €3.9bn

Carlsberg has already made two previous bids that were rejected by the Britvic board.

Britvic operates more than 35 brands, including J2O and Robinsons, sold in over 100 countries.

Carlsberg has agreed to take over Ballygowan-maker Britvic with an improved offer that values the UK soft-drinks maker at £3.3bn (€3.9bn).

The Danish brewer is offering 1,315 pence a share as it seeks to expand its presence into the UK and beyond beer. Britvic’s board is supporting the deal, a 36% premium to the share price before news of the takeover interest was revealed.