Britvic AG Barr merger gets green light

 
Suzie Neuwirth

THE COMPETITION Commission has provisionally given the go-ahead to a merger between soft drinks maker Britvic and Irn Bru-maker AG Barr.

The two firms had agreed to merge last November, but the deal was delayed after the antitrust regulator launched its investigation in February.

The CC is expected to announce its final decision by the end of July.

“Our company is in a different place to last summer when the terms of the merger were agreed,” said Britvic’s chairman Gerald Corbett.

“The cost savings from merging are less, we are performing better, we have new management and we have a new strategy to deliver good growth internationally as well as in the UK.

“These are among the issues the board will reflect on in August once the Competition Commission's conclusions are known in order to ensure that it acts in the best interests of Britvic's shareholders.”