Troubled Italian food group Parmalat could unveil its recovery plan within the next few days, according to the minister due to evaluate the plan.

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Industry Minister Antonio Marzono said officials had met with Parmalat administrator Enrico Bondi several times and the plan was being reworked.


“The first draft has already been presented and I believe that new, more advanced proposals will be presented to me in the next few days,” he was quoted by Reuters as saying.


Parmalat filed for bankruptcy protection in December after revealing a billion euro hole in its accounts. The company’s estimated debts are €14.5bn (US$18.1bn).


Meanwhile, the CEO of Parmalat’s Austrian unit has resigned in connection with the scandal at the Italian parent company, Dow Jones reported, citing Austrian magazine Format.

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