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Carlsberg agreed to buy soft-drinks maker Britvic for the equivalent of about $4.23 billion as part of a plan to expand in the nonalcoholic-beverage market and reduce reliance on beer sales.

Carlsberg agreed to buy soft-drinks maker Britvic for the equivalent of about $4.23 billion as part of a plan to expand in the nonalcoholic-beverage market and reduce reliance on beer sales.

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