News  Sources

Carlsberg buys Britvic in $4.2 billion deal; here are details | World News - Times of India

Carlsberg has agreed to purchase Britvic for $4.2 billion in a bid to establish a dominant UK beverage entity. The acquisition is expected to increase both companies' stock values. Carlsberg CEO Jacob Aarup-Andersen expressed optimism about the merger, highlighting the creation of a unique beer and soft drink company in the UK. Carlsberg anticipates significant cost and efficiency savings from the deal, amounting to $128 million over five years. The acquisition aligns with brewers' strategies to diversify their portfolios amid changing consumer preferences.

Original article source: https://timesofindia.indiatimes.com/world/us/us-and-world/carlsberg-buys-britvic-in-4-2-billion-deal-here-are-details/articleshow/111579681.cms
Source Id: 8215152855

share this article:  

Our mission is to provide you with up-to-date, concise news from multiple sources in one place, keeping you informed about Israel.
 
Hit 'Subscribe' to get the latest curated news about Israel delivered daily to your inbox