Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC for approximately £210 million.

Carlsberg UK Holdings Limited reached an agreement to acquire remaining 40% stake in Carlsberg Marston's Brewing Company Limited from Marston's PLC (LSE:MARS) for approximately £210 million on July 8, 2024. A cash consideration of £206 million will be paid by Carlsberg UK Holdings Limited. As part of consideration, £206 million is paid towards common equity of Carlsberg Marston's Brewing Company Limited.

Upon completion, Carlsberg UK Holdings Limited will own 100% stake in Carlsberg Marston's Brewing Company Limited. The CMBC Transaction is conditional only on the approval of Marston?s shareholders (if required under the UK Listing Rules in place at the time). The 100% ownership of CMBC will facilitate full integration of Britvic and CMBC.

The CMBC Transaction is anticipated to close in the third quarter of 2024.