Italian dairy group Parmalat is eyeing acquisitions in the Russian and Eastern European dairy markets.

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A spokesperson for Italy’s largest listed food company told just-food today (5 June): “Eastern Europe, and Russia in particular, offer good opportunities for development. We hope to capitalise by expanding there.”


According to a report in Italian newspaper Il Corriere, Parmalat chief operating officer Carlo Prevedini recently indicated that the group planned to invest at least EUR600m (US$810.99m) to secure further acquisitions in the region.


Parmalat, which was restructured after its financial collapse in 2003, is understood to be considering a number of takeover targets.

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