Italian food group Parmalat will receive a EUR19m (US$25.3m) payout from Banca Monte dei Paschi di Siena (BMPS) to settle legal claims related to the dairy group’s 2003 bankruptcy. 

Go deeper with GlobalData

Go deeper with GlobalData

The gold standard of business intelligence.

Find out more

Discover B2B Marketing That Performs

Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.

Find out more


In a statement released yesterday (30 March), Parmalat said that, under the deal, the Siena-based bank would settle all the outstanding claims against the company.


Parmalat collapsed under debts of EUR14bn, the victim of fraud allegedly perpetrated by its former managers.


Parmalat has accused a number of its former banks of assisting in the concealment of corrupt activity by former Parmalat executives and the company has since recouped damages totalling in excess of EUR1.8bn.


In the statement, Parmalat expressed its “satisfaction” at the settlement.

GlobalData Strategic Intelligence

US Tariffs are shifting - will you react or anticipate?

Don’t let policy changes catch you off guard. Stay proactive with real-time data and expert analysis.

By GlobalData

Just Food Excellence Awards - Nominations Closed

Nominations are now closed for the Just Food Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.

Excellence in Action
Winning five categories in the 2025 Just Food Excellence Awards, Centric Software is setting the pace for digital transformation in food and FMCG. Explore how its integrated PLM and PXM suite delivers faster launches, smarter compliance and data-driven growth for complex, multi-channel product portfolios.

Discover the Impact