Troubled dairy company Parmalat SpA is expected to sell Italcheese its Italian cheese business.

It is anticipated that the sale process will commence within the next few days and is expected to last between two and three months, daily newspaper MF has reported. 

Without citing sources, the newspaper suggested that about ten separate investors have already expressed interest in the business.

Italcheese generates annual sales of EUR30m (US$36.397m).