BUZZ-Dairy Crest: Milk biz sale faces further probe
** Shares (Berlin: DI6.BE - news) in Dairy Crest (LSE: DCG.L - news) fall as much as 3.8 pct, one of the top percentage losers on the FTSE mid-cap index
** UK's CMA has referred Dairy Crest's agreed sale of its dairies operations for a phase 2 investigation. This phase is likely to take a minimum of 24 weeks.
** Britain's largest dairy food firm agreed to sell its loss-making milk business to the German food group's unit last year
** The company has been losing customers to supermarket chains, which offer cheaper milk than its door-to-door delivery service.
** "We remain confident of receiving approval at the end of phase 2," Chief Executive Mark Allen says in a statement (RM (LSE: RM.L - news) : aastha.agnihotri.thomsonreuters.com@reuters.net)