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Merger deal referred to Competition Commission

Britvic

A £1.4 billion deal to merge Hertfordshire-based Britvic and Irn-Bru owner AG Barr has been referred to the Competition Commission.

The Office of Fair Trading said it could not rule out the possibility of higher prices following a tie-up after surveys suggested Britvic's brands Pepsi and Tango were sufficiently close alternatives to Irn-Bru to raise competition concerns.