<ul><li>The UK's competition watchdog, the Competition and Markets Authority (CMA), has launched a formal investigation into Carlsberg's £3.3bn takeover of Britvic.</li><li>The CMA has set a deadline of 18 December for the first phase of the investigation.</li><li>Carlsberg has stated that the deal would create a beverage "powerhouse" by combining Britvic's soft drinks products with Carlsberg's beer offering.</li><li>The CMA will decide after the initial investigation whether to conduct an in-depth phase 2 investigation or approve the deal.</li></ul>

UK watchdog formally investigates Carlsberg’s £3.3bn takeover of Britvic

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