Italian food group Cirio has said it is evaluating proposed offers for some of its assets, but that no talks are currently underway to sell the assets.

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The most significant offer for Cirio assets came from an Italian peer, a source close to the situation told Reuters. The source also denied media reports that international food companies such as Dole and Nestlé had expressed interest in acquiring the assets.

“The formal expression of interest the commissioners have received is from [canned goods cooperative] Conserve Italia,” Reuters quoted the source as saying.

Cirio is currently being managed by court-appointed commissioners after it defaulted on €1bn (US$1.2bn) of bonds held by retail investors.

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