Canadian dairy products giant Saputo has refused to comment on reports it is one of six parties bidding for the Argentine assets of troubled Italian dairy giant Parmalat.

“We never comment on situations like this,” Claude Pinard, a spokesman for Saputo, was quoted by Reuters as saying.

According to earlier media reports, Saputo is in the running for Parmalat’s Argentine assets, along with Coinvest, HSBC Holdings, American Invest Group, Dolphin Fund and Pegasus.