UNCOOKED ALERT: Saras S.p.A said to ... - Part 9

After months of wrangling among various parties the Saras takeover deal is set to happen.

The Moratti family is selling its 35pc shareholding to Vitol for EURO 1.75 a share, which will trigger a mandatory offer from the Switzerland-based Dutch commodity trading house for the rest of the Italian oil refiner at the same price.

So that's not quite the EURO 2.2 a share reported by the Italian newspapers last week!..