Goldman Sachs set to beat Merrill in Italy property fund

MILAN,(Reuters) - Goldman Sachs (GS.N: Quote, Profile, Research) is poised to win a war with Merrill Lynch (MER.N: Quote, Profile, Research) for an Italian real estate fund after its higher offer, valuing the fund around 548 million euros ($750.9 million), won the favour of the fund's manager. Goldman's final offer for 95 percent of the Berenice fund (QFBER.MI: Quote, Profile, Research), or 570,000 units, stood at 913 euros per unit against Merrill's 827 euros.