The Mexican subsidiary of troubled Italian food group Parmalat has said it is not planning to sell its operations after the financial scandal at its parent company.

"We are not in talks with anyone to sell the business," Hugo Lara, the director general of Parmalat's operations in Mexico, told Reuters. 

He also said the company was not planning to close its plant in Lagos de Moreno or cut jobs at the plant.

Meanwhile, Chilean investment group Bethia has confirmed it is in talks to become a strategic partner and take a stake in Parmalat's Chilean operations, reported Reuters.