The UK’s anti-trust regulator has found Belgium bakery group Vandemoortele’s planned takeover of Délifrance may hit competition in the country. After the completion of a so-called "Phase 1" investigation, the Competition and Markets Authority (CMA) said the merger “gives rise to a realistic prospect of a substantial lessening of competition". Vandemoortele announced a move for fellow baker Délifrance in March and said the deal would create a €2.4bn (then $2.6bn) group, providing “solutions to retail and ...