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(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.
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