Carlsberg to sell Britvic Brazil for €80m

(Sharecast News) - Danish brewer Carlsberg said on Monday that it has agreed to sell Britvic Brazil to Grupo JAV for €80m. The deal is expected to complete by next month.

Nikos Kalaitzidakis, EVP for the Central & Eastern Europe and India region at the Carlsberg Group, said: "I'm pleased that we have found a good partner for Britvic Brazil and I want to thank everyone who has contributed to building this business and achieving its success over the years. We look forward to working closely with all stakeholders to ensure a successful transition and a strong future for the business under its new ownership."

Frank Vieira, shareholder of Grupo JAV, said: "This acquisition is an important milestone for Grupo JAV and reflects our long-term confidence in the Brazilian market. Britvic Brazil brings a strong brand portfolio, a nationwide footprint and an experienced team, and we are excited to support its continued growth."

Carlsberg completed its £3.3bn acquisition of British soft drinks maker Britvic last January.