	ferruzzi negotiating european uisition italy s gruppo ferruzzi is in the advanced stages of negotiations that could result in an uisition worth some hundreds of billions of lire in the european agro industrial sector a company spokesman told reuters the spokesman declined to identify the other party or parties involved in talks or whether a complete takeover was under discussion but said an italian newspaper report that ferruzzi was studying the possibility of advancing an offer for european cereal processing plants owned by the u s group cpc international inc cpc n was incorrect the spokesman said that possibility had been evaluated by ferruzzi but that the company s attention at the moment was decisively in another direction the spokesman responding to a report in the italian economic daily il sole ore that ferruzzi was considering a possible bid for the cpc plants told reuters his company hoped to conclude the talks currently underway in a couple of months the spokesman said that since the u k government last month blocked ferruzzi s bid to uire british sugar plc the company had been looking at other investment opportunities reuter 
