Carlsberg has completed the sale of three Scandinavian soft drinks and water brands to The Coca-Cola Co.

The Denmark-based company today (27 June) confirmed the divestment of its mineral water brands Kildevæld and Kurvand in Denmark and the soft drink brand Hyvää Päivää in Finland. The sale will net Carlsberg US$225m.

At the same time, the two companies have entered into a license agreement regarding Ramlösa in Denmark and energy drink brand Battery in Finland.

The agreement, initially announced last month, takes effect immediately.