Carlsberg, a Danish multinational brewer, agreed to acquire Britvic, a British producer of soft drinks, for £4.1bn. "With this transaction, we are combining Britvic's high-quality soft drinks portfolio with Carlsberg's strong beer portfolio and route-to-market capabilities, creating an enhanced proposition across the UK and markets in Western Europe. The proposed transaction is attractive for shareholders of Carlsberg, supporting our growth ambitions and being immediately earnings accretive and value accretive in year three. We are excited about expanding our global partnership with PepsiCo and believe that the longer-term opportunities will be very beneficial for both companies," Jacob Aarup-Andersen, Carlsberg CEO.