Britvic holds onto £400m despite merger with A.G. Barr

Britvic, the UK drinks company, will keep its £400m revolving bank facility in place after its merger with A.G. Barr, the makers of IRN-BRU. The all-share merger, which was announced on Wednesday, will leave Britvic shareholders holding around 63% of the new firm and A.G. Barr shareholders taking the remaining 37%.