In an updat on its announcement from November last year, Royal Unibrew has said that it will no longer be acquiring Scandinavian mineral water producer Aqua d’Or from Danone.

According to the statement released this week, the parties have determined that they will not be able to fulfil the closing conditions and have therefore agreed that the deal will not materialise.

The Danish Competition and Consumer Authority said that it had expressed competition concerns about the acquisition.

Jonas Guldborg Hansen, head of investor relations and communications at Royal Unibrew, said: “The parties have withdrawn the notification of the transaction to the Danish Competition and Consumer Authority”.