UK regulator clears Carlsberg takeover of Britvic

(Sharecast News) - Carlsberg's purchase of soft drinks maker Britvic has been given the green light after the UK's competition regulator said it would not refer the $4.23bn deal for an in-depth probe. The deal will see the Danish brewing giant take over Britvic's bottling agreement with PepsiCo.

The two companies said all regulatory conditions have been satisfied, including clearances from the European Commission and the UK's Competition and Markets Authority.

Reporting by Frank Prenesti for Sharecast.com