Three bids have reportedly been submitted for the Chilean unit of troubled Italian food group Parmalat.

The bidders are Chilean financial holding company Bethia, Chilean businessman Max Marambio and Chilean dairy firm Surlat, a unit of Spanish food group Iparlat, reported ANSA.

The bids have been focused on two manufacturing plants and the rights to the company’s brands.

Parmalat Chile’s debt stands at US$51m, ANSA said, citing local media.