£780m brewery merger gets the green light from CMA

The £780m merger between Marston’s and Carlsberg has been given the green light by the Competition and Markets Authority.

The deal, which was first announced in May, will see the two companies come together to create a “best-in-class, brand led brewer of scale”.

The new company, called Carlsberg Marston’s Brewing Company (CMBC), will have a combined value of £780m. Marston’s will hold a 40% stake in CMBC and a cash equalisation payment of up to £273m. Carlsberg will hold the remaining 60% stake.