UK's CMA launches formal probe into Carlsberg-Britvic deal
Adds background in paragraphs 2,3, Carlsberg spokesperson comment in paragraph 4
Oct 23 (Reuters) -Britain's Competition and Markets Authority (CMA) said on Wednesday that it has launched a formal investigation into the deal between Carlsberg CARLb.CO and Britvic BVIC.L, setting a deadline of Dec. 18for its phase-1 decision.
In July, Carlsberg struck a deal to acquire the British soft drinks maker for 3.3 billion pounds ($4.28 billion), with the Danish brewer aiming to establish a UK beverage "powerhouse".
The competition regulator said it is assessing whether the deal is expected to result in a substantial reduction incompetition in any market in the United Kingdom for goods or services.
"This is a normal process that was expected, and we look forward to working constructively with the CMA as it progresses," a Carlsberg spokesperson told Reuters in an emailed statement.
Britvic did not immediately respond to a request for comment.
($1 = 0.7708 pounds)
Reporting by Aatrayee Chatterjee in Bengaluru; Editing by Sonia Cheema
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