Soft drink rivals AG Barr and Britvic have agreed the terms of a merger which creates one of Europe’s largest soft drinks companies.
Irn Bru maker AG Barr and Tango producer Britvic opened discussions about a merger in September.
The new combined company will be called Barr Britvic Soft Drinks plc and will have annual sales of more than £1.5bn.
The merger is likely to see about 500 jobs cut from combined headcount of just over 4,000 people — via redwolf.newsvine.com
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