David Balmer

UK soft-drink maker Britvic plc has rejected a £3.1bn takeover bid from Carlsberg Group , saying the Danish brewer was “significantly” undervaluing a group whose brands include Robinsons and Fruit Shoot. Carlsberg made an initial bid of 1,200 pence per share earlier this month, before sweetening its all-cash proposal to 1,250p, which London-listed Britvic rejected on June 17. As well as producing its own brands, Britvic is PepsiCo’s bottler in the UK. Carlsberg is PepsiCo’s bottler in Norway, Sweden, Switzerland, Cambodia and Laos. The brewer of Kronenbourg and Tuborg said the acquisition of Britvic would offer it “long-term growth opportunities”. It said it was considering its position after Britvic rebuffed its second bid. The acquisition of Britvic would offer Carlsberg the opportunity to expand its drinks bottling in Britain, for both alcoholic and refreshing beverages products. Interesting to see how all this plays out in the weeks and months ahead for both Carlsberg Group and Britvic plc and what potential wider impact this may have on the beverages industry, across both alcoholic and soft drinks categories. #carlsberg #Britvic #beer #softdrinks #alcohol Lars Jensen Jean-Philippe Delforge Paul Villis Carol Dunne Alison Wilkinson Thomas Hahlin Ahlinder John Savage Farrah Gilsenan Sheelagh Pentony Erlon Pereira Ian Chesworth Marc LEJEUNE Breda Kelly Francois Sonneville Stephen Rannekleiv Bourcard Nesin Jim Watson John Craven Bryan Roth Mark Gallo Erika Minaguchi Kristof König Linda Chatton Gilles Halotel Jerry O'Keeffe Wayne Donovan David Deeley Brian Short Gwyneth Kelly

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