FERRUZZI PARIS UNIT SEEN ABSORBING CPC PURCHASE

  Sources close to Italy's &lt;Gruppo
  Ferruzzi> said &lt;European Sugar (France)>, a French company
  owned by Ferruzzi, would take over control of &lt;CPC Industrial
  Division>, the corn wet milling business acquired by the
  Italian group earlier this week from CPC International Inc
  &lt;CPC>.
      The sources told Reuters that European Sugar, owned by
  Ferruzzi subsidiary Eridania Zuccherifici Nazionali SpA
  &lt;ERDI.MI>, planned to seek a listing on the Paris bourse and
  make a share offering there.
      CPC International announced Tuesday it had agreed in
  principle to sell its European corn wet millng business to
  Ferruzzi. The deal is worth 630 mln dlrs.
  

