Saras 'intensively' studying an acquisition - chairman

MILAN (Thomson Financial) - Saras SpA chairman Gian Marco Moratti said the Italian oil refiner is "intensively" studying an acquisition and that it might raise debt capital to fund possible deals.

In an interview in the MF daily, Moratti repeated that Saras wants to strengthen its presence mainly in the Mediterranean area, but ruled out that Lybia as a target. dm/ejp COPYRIGHT Copyright Thomson Financial News Limited 2007. All rights reserved.

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