A.G. Barr and Britvic seek clearance for proposed merger

The Competition Commission's investigation into the proposed merger of A.G. Barr and Britvic is expected to take six months

A.G. Barr and Britvic are working closely with UK authorities in order to receive clearance from the Competition Commission for their proposed merger

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A.G. Barr and Britvic are confident that that their proposed merger will receive clearance from the Competition Commission, stating that they believe there is a "compelling rationale for clearance."

The UK’s Office of Fair Trading (OFT) had referred the merger proposal to the Competition Commission due to concerns that the Merger could reduce competition between certain brands of A.G. Barr and Britvic.

However in a press statement, A.G. Barr and Britvic said they believe the merger will not result in a substantial lessening of competition and that they will be able to demonstrate this to the Competition Commission. The boards of A.G. Barr and Britvic have said they intend to work together with the Competition Commission during its investigation with a view to seeking clearance of the proposed merger.

The Competition Commission’s investigation is expected to take approximately six months. If clearance is received from the Competition Commission on terms satisfactory to both A.G. Barr and Britvic, the Boards of A.G. Barr and Britvic will each reconsider, at that time, the terms of a possible merger between A.G. Barr and Britvic. The companies added that there can be no certainty or assurance that, following such clearance, any such merger would be forthcoming or that any offer will be made by either A.G. Barr or Britvic.

The view of the two boards on the benefits of the transaction remains unchanged and they continue to believe that it is in the interests of the two shareholder groups. A.G. Barr and Britvic have said they will continue to work closely with the authorities to expedite clearance.

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